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

1-Calculate price index 2-Compute ending inventory, cost of goods sold, and gross profit. 3-"Assume the company uses three inventory pools instead of one. Repeat instruction (a)."