Kirk's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of May. The company uses the specific identification cost formula.

Date			Explanation		Model		Serial #		Unit Cost/Price
May	1		Beginning inventory		Taurus		C81362		$24,800
					F-150		F1883		25,000
					F-150		F1921		29,500
					Mustang		G62313		29,200
					Flex		X3892		30,600
	8		Sales		Taurus		C81362		26,000
					Mustang		G62313		32,100
	13		Purchases		Mustang		G71811		30,800
					Flex		X4214		31,500
					Escape		E21202		29,600
					Mustang		G71891		28,000
					Flex		X4212		30,100
	19		Sales		Mustang		G71891		32,900
					F-150		F1921		32,000
					Flex		X3892		34,600
					Escape		E21202		32,500
	23		Purchases		Taurus		C81528		26,600
					Escape		E28268		29,900

Determine the cost of goods sold and ending inventory for the month of May.

Cost of Goods Sold		$
Ending Inventory		$

Determine the gross profit for the month of May.

Gross profit

$