Question $3$ of $6$

James's Televisions produces television sets in three categories: portable, midsize, and flat$-$screen. On adopted dollar$-$value LIFO and decided to use a single inventory pool. The company's January $1$ invent

$\backslash$table$[[$Category$,$Quantity,Cost per Unit,Total Cost$],[$Portable$,3,000,$$$100,$$$300,000$

Question $3$ of $6$

$($a$1)$

Your answer is correct.

Price index $=1\mathrm{.}2156$

$($a$2)$

Your answer is incorrect.

Compute ending inventory, cost of goods sold, and gross profit. $($Round answers to $0$ decimal places, e$.$g$.6,548.)$

Ending inventory $ $=$

Cost of goods sold $ $=$

Gross profit $ $=$

$($b$)$

Assume the company uses three inventory pools instead of one. Compute ending inventory, cost of goods sold, and gross profit.

$($Round price index to $2$ decimal places, e$.$g$.1\mathrm{.}45$ and final answers to $0$ decimal places, e$.$g$.6,548.)$

Ending inventory $ $=$

Cost of goods sold $ $=$

Gross profit $ $=$