$1$

$2$ points

What is the amount of COGS Lopez should report for Year $1?$

$$17,640$

$$32,400$

$$16,200$

$$19,440$

$2$

$2$ points

What is the amount of gross profit Lopez should report for Year $1?$

$$32,440$

$$19,440$

$$12,960$

$$14,760$

$3$

$2$ points

What is the amount of ending inventory Lopez should report for Year $1?$

$$14,440$

$$12,960$

$$21,600$