answer problem 8-08 b

heres the solution for A2

*Problem 8-08 (Part Level Submission) Mark's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Mark 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 11,400 $100 $ 1,140,000 Midsize 15,200 250 3,800,000 Flat-screen 5,700 400 2,280,000 32,300 $7,220,000 During 2020, the company had the following purchases and sales. Quantity Quantity Selling Price Category Purchased Cost per Unit Sold per Unit Portable 28,500 $110 26,600 $150 Midsize 38,000 300 45,600 400 Flat-screen 19,000 500 11,400 600 85,500 83,600 *(1) Your answer is correct. Calculate price index. (Round price index to 4 decimal places, e.g. 1.4562.) Price index 11.2156 *(a2) x] Your answer is incorrect. Try again. Compute ending inventory, cost of goods sold, and gross profit. (Round answers to o decimal places, e.g. 6,548.) Ending inventory 9,329,000 Cost of goods sold 21,926,000 Gross profit 7,144,000 Attempts: 5 of 5 used *(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, .9. 1.45 and final answers to o decimal places, e.g. 6,548.) Ending inventory Cost of goods sold Gross profit W Attempts: 0 of 5 used Ending inventory $7,220,000 x 1.00 1,330,000" x 1.2156 $7,220,000 1,616,748 $8,836,748 *($8,550,000 - $7,220,000 $1,330,000) Cost of goods sold Beginning inventory $7,220,000 Purchases [(28,500 x $110) + (38,000 x $300) + (19,000 x $500)] 24,035,000 Cost of goods available 31,255,000 Ending inventory (8,836,748) Cost of goods sold $22,418,252 . Gross profit Sales revenue [(26,600 x $150) + (45,600 x $400) + (11,400 x $600)) $29,070,000 Cost of goods sold 22,418,252 Gross profit $6,651,748