Lalonde's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehicle inventor for the month of July. The company uses the specific identification cost formula. Date Explanation 1 Beginning inventory July 8 Sales Model Fusion F-150 F-150 Mustang Flex Fusion Mustang Mustang Flex Escape Mustang Flex Mustang Serial # C81362 F1883 F1921 G62313 X3892 C81362 G62313 G71811 X4214 E21202 G71891 X4212 G71891 Unit Cost/Price $24.700 25,600 28.500 29,200 30.900 25,600 32.000 30.400 31,700 28,300 27,800 29.800 32,800 15 Purchases 21 Sales F-150 Flex Escape Fusion Escape F1921 X3892 E21202 C81528 E28268 33,200 33,100 32,800 27,000 30,700 23 Purchases Your answer is incorrect Determine the cost of goods sold and ending inventory for the month of July, Cost of Goods Sold $ Ending Inventory * Your answer is incorrect. Determine the gross profit for the month of July. Gross profit $