Problem 8-8 (Part Level Submission) Newman's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Newman adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Quantity Portable Midsize Flat-screen 3,000 Cost per Unit Total Cost $126 $ 718,200 315 2,457,000 504 1,512,000 $4,687,200 5,700 7,800 16,500 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 139 13,700 378 23,800 5,700 43,200 $189 510 756 14,600 20,700 9,700 45,000 630 (a1) Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index