*Problem 8-8 ohn's 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 company's January 1 inventory consists of: Category Quantity Cost per Unit Total Cost Portable Midsize Flat-screen 5,900 8,200 2,800 16,900 $112660,800 280 2,296,000 448 1,254,400 $4,211,200 During 2017, the company had the following purchases and sales Quantity Quantity Selling Price Category Purchased Cost per Unit 15,300 20,900 9,800 46,000 Sold 14,000 24,100 per Unit Portable Midsize Flat-screen $123 336 560 $168 454 672 5,900 44,000 Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index Compute ending inventory, cost of goods sold, and gross profit. (Round answers to O decimal places, e.g. 6,548.) Ending inventory Cost of goods sold Gross profit 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