Problem 8-08 (Part Level Submission) George's Televisions produces television sets in three categories: portable, midsize, and flat-screen On January 1, 2020, George adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 Inventory consists of: Category Quantity Cost per Unit Total Cost Portable 12.600 $100 $1,260,000 Midsize 16,800 250 4,200,000 Flat-screen 6.300 400 2.520,000 35,700 57.930,000 During 2020, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit Sold per Unit Portable 31.500 5110 29,400 $150 Midsize 42.000 300 50,400 400 Flat-screen 21,000 500 12.600 600 94,500 92.400 val) Your answer is correct Calculate price index. (Round price index to decimal places.g. 1.4562) G Price Index 1.2156 (1) Your answer is correct Calculate price index. (Round price index to decimal places, e.g. 1.4562.) Price index 1.2156 IOW SCHON LINE TO TEXT Attempts: 1 of 5 used (2) Compute ending Inventory, cost of goods sold, and gross profit. (Round answers to decimal places, 9.6,548) Ending inventory 5 Cost of goods sold s Gross profit