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Compute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.) Edward Sun Fun manufactures three categories of

image text in transcribedCompute ending inventory, cost of goods sold, and gross profit. (Round answers to 0 decimal places, e.g. 6,548.)

Edward Sun Fun manufactures three categories of bicylces: Mountain, Road, and Hybrid. On January 1, 2017, Edward 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 Mountain 3,000 $ 576 $ 1,728,000 Road 2,000 1,024 2,048,000 Hybrid 5,000 320 1,600,000 10,000 $ 5,376,000 During 2017, the company had the following purchases and sales. Selling Price Quantity Purchased Quantity Sold Category Cost per Unit per Unit Mountain 10,000 $ 634 11.000 $ 832 Road 9,000 1.050 8,000 1,536 Hybrid 13.000 384 12,000 640 32,000 31.000

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