Question: Please use single inventory pool dollar value LIFO method price index is 1.2156 Robert's Televisions produces television sets in three categories: portable, midsize, and flat-screen.

Please use single inventory pool dollar value LIFO method price index is 1.2156

Roberts Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,2020 , Ro

During 2020 , the company had the following purchases and sales.

Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, eg. 6,548.) Ending invent

Robert's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2020, Robert adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Quantity Portable Midsize Flat-screen 4,200 5,600 2,100 11,900 Cost per Unit $100 250 400 Total Cost $420,000 1,400,000 840,000 $2,660,000

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