Problem 8-8 Henry's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Henry 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 Midsize Flat-screen 6,000 7,700 2,900 16,600 $119 714,000 298 2,294,600 476 1,380,400 $4,389,000 During 2017, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit 15,200 20,300 10,100 45,600 Sold 13,700 23,80 per Unit Portable Midsize Flat-screen $131 357 595 $179 482 714 6,000 43,500 Your answer is incorrect. Try again. Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit. (Round price index to 6 decimal places, e.g. 1.456287 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory 12611950 Cost of goods sold 5595950 Gross profit 4279622