*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 8,200 2,900 17,100 $131 786,000 328 2,689,600 524 1,519,600 $4,995,200 During 2017, the company had the following purchases and sales Quantity Quantity Selling Price Category Purchased Cost per Unit 15,100 20,100 10,300 45,500 Sold per Unit Portable Midsize Flat-screen $14413,500 24,300 6,000 43,800 $197 531 786 393 655 Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 141 Your answer is partially correct. Try again Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Ending inventory Cost of goods sold Gross profit $6312741 5129976 x 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 Cost of goods sold Gross profit *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 8,200 2,900 17,100 $131 786,000 328 2,689,600 524 1,519,600 $4,995,200 During 2017, the company had the following purchases and sales Quantity Quantity Selling Price Category Purchased Cost per Unit 15,100 20,100 10,300 45,500 Sold per Unit Portable Midsize Flat-screen $14413,500 24,300 6,000 43,800 $197 531 786 393 655 Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 141 Your answer is partially correct. Try again Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Ending inventory Cost of goods sold Gross profit $6312741 5129976 x 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 Cost of goods sold Gross profit