Matthew's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1,...
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Matthew's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Matthew adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025, the company had the following purchases and sales. 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. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory \$ Cost of goods sold \$ Gross profit $
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Matthew's Televisions produces television sets in three categories: portable, midsize, and flat-screen. On January 1, 2025, Matthew adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: During 2025, the company had the following purchases and sales. 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. 1.45 and final answers to 0 decimal places, e.g. 6,548.) Ending inventory \$ Cost of goods sold \$ Gross profit $ 