Jason Co. manufactures three categories of bicycles: Mountain, Road, and Hybrid. On January 1, Year 1, Jason Co. adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: Category Mountain Quantity Cost per Unit 3,000 $450 Total Cost $1,350,000 Road 2,000 800 1,600,000 Hybrid 5,000 250 1,250,000 10,000 $4,200,000 During Year 1, the company had the following purchases and sales. Quantity Cost per Quantity Selling Price Category Purchased Unit Sold per Unit Mountain 12,000 $495 11,000 $ 650 Road 9,000 820 7,000 1,200 Hybrid 13,000 300 12,000 500 34,000 30,000 Required: Compute ending inventory, cost of goods sold, and gross profit. (Hint: to obtain the balance of ending inventory at current period cost, you need to find the number of units of each category in ending inventory and then use the most recent cost per unit).