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Problem 8-8 Leon's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Leon adopted dollar-value LIFO and decided to

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Problem 8-8 Leon's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Leon 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 5,900 8,300 3,000 17,200 $118 696,200 295 2,448,500 472 1,416,000 $4,560,700 During 2017, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit Sold Portable Midsize Flat-screen per Unit 14,600 20,700 10,000 45,300 $130 13,700 354 23,500 590 5,900 43,100 $177 708 Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index Version 4.24.10.8

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