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Provide answer for all three question: Price Index is 1.2156 Current Attempt in Progress Daniel's Televisions produces television sets in three categories: portable, midsize, and
Provide answer for all three question:
Price Index is 1.2156
Current Attempt in Progress Daniel's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Daniel 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 10,200 $100 $1,020,000 Midsize 13,600 250 3,400,000 Flat-screen 5,100 400 2,040,000 28,900 $6,460,000 During 2025, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit Sold per Unit Portable 25,500 $110 23,800 $150 Midsize 34,000 300 40,800 400 Flat-screen 17,000 500 10,200 600 76,500 74,800(a2) I Your answer is incorrect. Compute ending inventory, cost of goods sold, and gross prot. (Round answers to 0 decimal places, e.g. 6,548.) Cost of goods sold $ Gross prot $Step by Step Solution
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