Problem 8-08 (Part Level Submission) Paul's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Paul adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Portable Midsize Flat-screen Quantity 10,800 14,400 5,400 30,600 Cost per Unit $100 250 400 Total Cost $ 1,080,000 3,600,000 2,160,000 $6,840,000 During 2020, the company had the following purchases and sales. Category Portable Midsize Flat-screen Quantity Purchased 27,000 36,000 18,000 81,000 Cost per Unit $110 300 500 Quantity Sold 25,200 43,200 10,800 79,200 Selling Price per Unit $150 400 600 (21) Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 1.2156 SHOW SOLUTION LINK TO TEXT Attempts: 2 of 5 used (a) x Your answer is incorrect. Try again. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to o decimal places, e.g. 6,548.) Ending inventory 9946000 Cost of goods sold Gross profit