Normans Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2014, Norman adopted dollar-value LIFO and decided to use a single inventory pool. The companys January 1 inventory consists of:

Category

Quantity

Cost per Unit

Total Cost

Portable

7,300

$110

$ 803,000

Midsize

9,500

275

2,612,500

Flat-screen

4,200

440

1,848,000

21,000

$5,263,500

During 2014, the company had the following purchases and sales.

Category

Quantity

Cost per Unit

Quantity

Selling Price

Purchased

Sold

per Unit

Portable

15,500

$121

14,500

$165

Midsize

21,200

330

26,000

446

Flat-screen

10,100

550

7,300

660

46,800

47,800

Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.)

Ending inventory

$

Cost of goods sold

$

Gross profit

$