Problem 8-08 (Part Level Submission) Donald's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Donald adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Portable Midsize Quantity 12,000 16,000 6,000 34,000 Cost per Unit Total Cost $100 $ 1,200,000 250 4,000,000 400 2,400,000 $7,600,000 Flat-screen During 2020, the company had the following purchases and sales. Cost per Unit $110 Category Portable Midsize Flat-screen Quantity Purchased 30,000 40,000 20,000 90,000 Quantity Selling Price Sold per Unit 28,000 $150 48,000 400 12,000 600 88,000 300 500 (al) Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index