Lalonde's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventory for the month of July. The company uses the specific identification cost formula. Date Explanation Model Serial # Unit Cost/Price July 1 Beginning inventory Fusion C81362 $24,500 F-150 F1883 25,600 F-150 F1921 28,200 Mustang G62313 29,000 Flex X3892 30,800 8 Sales Fusion C81362 26,800 Mustang G62313 31,000 15 Purchases Mustang G71811 30,300 Flex X4214 30,700 Escape E21202 29,100 Mustang G71891 28,500 Flex X4214 30,700 Escape E21202 29,100 Mustang G71891 28,500 Flex X4212 29,800 21 21 Sales Mustang G71891 33,900 F-150 F1921 33,200 Flex X3892 34,800 Escape E21202 32,700 23 Purchases Fusion C81528 27,800 Escape E28268 30,800 Determine the cost of goods sold and ending inventory for the month of July. Cost of Goods Sold $ Ending Inventory $