![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c1957b4dd2_135669c1957740cc.jpg) | Problem 8-8 Johns Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, John adopted dollar-value LIFO and decided to use a single inventory pool. The companys January 1 inventory consists of: Category | | Quantity | | Cost per Unit | | Total Cost | Portable | | 6,000 | | $111 | | $ 666,000 | Midsize | | 7,800 | | 278 | | 2,168,400 | Flat-screen | | 2,900 | | 444 | | 1,287,600 | | | 16,700 | | | | $4,122,000 | During 2017, the company had the following purchases and sales. Category | | Quantity Purchased | | Cost per Unit | | Quantity Sold | | Selling Price per Unit | Portable | | 14,800 | | $122 | | 13,400 | | $167 | Midsize | | 20,400 | | 333 | | 24,500 | | 450 | Flat-screen | | 9,600 | | 555 | | 6,000 | | 666 | | | 44,800 | | | | 43,900 | | | | | | ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c19583be02_135669c1957e82f7.jpg) | ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c195e051f1_141669c195db0b7b.jpg) | 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 | | $ ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c195e86123_142669c195e4183a.jpg) | Cost of goods sold | | $ ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c195ef260f_142669c195eb306e.jpg) | Gross profit | | $ ![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669c195f7903f_143669c195f31b14.jpg) | | | | |