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		$24,700
					F-150		F1883		25,600
					F-150		F1921		28,500
					Mustang		G62313		29,200
					Flex		X3892		30,900
	8		Sales		Fusion		C81362		25,600
					Mustang		G62313		32,000
	15		Purchases		Mustang		G71811		30,400
					Flex		X4214		31,700
					Escape		E21202		28,300
					Mustang		G71891		27,800
					Flex		X4212		29,800
	21		Sales		Mustang		G71891		32,800
					F-150		F1921		33,200
					Flex		X3892		33,100
					Escape		E21202		32,800
	23		Purchases		Fusion		C81528		27,000
					Escape		E28268		30,700

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

Cost of Goods Sold		$
Ending Inventory		$

Determine the gross profit for the month of July.

Gross profit

$Type your answer here