Assignment > Open Assignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Problem 8-8 (Part Level Submission) Adams's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2017, Adams 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 Midsize Flat-screen 5,900 7,900 2,800 16,600 $116 684,400 290 2,291,000 464 1,299,200 $4,274,600 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 14,800 19,100 9,700 43,600 $128 348 580 13,800 23,900 5,900 43,600 $174 470 696 (a1) ] Your answer is correct. Calculate price index. (Round price index to 4 decimal places,e.g. 1.4562.) Price index 1.2160