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Question 3 of 3 4.33/13 View Policies Show Attempt History Current Attempt in Progress Donald Sun Fun manufactures three categories of bicylces: Mountain, Road, and
Question 3 of 3 4.33/13 View Policies Show Attempt History Current Attempt in Progress Donald Sun Fun manufactures three categories of bicylces: Mountain, Road, and Hybrid. On January 1, 2017, Donald 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 Mountain 3.000 $558 Road 2,000 992 Total Cost $ 1,674,000 1,984,000 1.550,000 $5,208,000 Hybrid 310 5,000 10,000 During 2017, the company had the following purchases and sales. Category Quantity Purchased Cost per Unit Quantity Selling Price per Unit Sold Mountain 10,000 $614 11,000 $806 Road 9.000 1.017 8,000 1.488 Hybrid 13,000 372 12.000 620 32,000 31.000 Your answer is correct. Calculate price index. (Round answer to 4 decimal places, e.8. 1.4562.) Price index 10939 Attempts: unlimited (a2) Compute ending inventory.cost of goods sold, and gross profit. (Round answers to 0 decimal places, eg. 6,548.) Ending inventory Cost of goods sold $ Gross profit Save for Later Attempts: unlimited Submit
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