Problem 8-08 Kevin's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Kevin adopted dollar- value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Portable Quantity 16,200 21,600 8,100 45,900 Cost per Unit $100 250 400 Midsize Total Cost $ 1,620,000 5,400,000 3,240,000 $10,260,000 Flat-screen During 2020, the company had the following purchases and sales. Category Portable Quantity Purchased 40,500 54,000 27,000 121,500 Cost per Unit $110 300 500 Quantity Sold 37,800 64,800 16,200 118,800 Selling Price per Unit $150 400 Midsize Flat-screen 600 Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index LINK TO TEXT Compute ending inventory, cost of goods sold, and gross profit. (Round answers to O decimal places, e.g. 6,548.) $ Ending inventory Cost of goods sold " Gross profit " LINK TO TEXT 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 " Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT