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Michael's Televisions produces television sets in three categories; portable, midsize, and flat-screen. On January 1, 2025, Michael adopted dollar-value LIFO and decided to use a

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Michael's Televisions produces television sets in three categories; portable, midsize, and flat-screen. On January 1, 2025, Michael adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025, the company had the following purchases and sales. Calculate the price index for 2025. (Round price index to 4 decimal places, e.8. 1.4562.) Price index eTextbook and Media Attempts: 1 of 5 used (a2) Compute ending inventory, cost of goods sold, and gross profit. (Round onswers to 0 decimal ploces, e.s. 6.548.) Ending inventory Cost of goods sold Gross profit 5 Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 2 decimal places, e.g. 1.45 and final answers to 0 decimal places, e.g.6.548.) Ending inventory Cost of goods sold Gross profit

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