Loper Company els chairs that are cited at computer station is beginning inventory of chairs in Yone wat 100 units at 60 per unit During the year, Lopez made to purchases of this chair. The first was a 150 units purchase at S6 per unit, the second was a 200-unit purchase at 572 per unit. During Year1.it sold 270 chairs at $120 each During Year 2.Lopez made two additional purchases of this chair. The first was a 100 unt purchase at $73 per unit: 10 second was a 300-unit purchaso at $75 per unt. During Your 2, 1 sold 215 chain at 5125 each Lopez applies the FIFO cost flow assumption. 1 2 points What is the amount of COGS Lopez should report for Year 1? $17,640 $32.400 5 $16.200 $19.440 2 2 points What is the amount of gross profit Lopez should report for Year 1? O $32,440 O $19,440 O $12,960 O $14,760 3 2 points What is the amount of ending inventory Lopez should report for Year 1? 0 $14,440 O $12,960 O $21,600 O $22,500 4 2 points What is the amount of gross profit Lopez should report for Year 2? $11,360 $15,515 0 $26,875 $42,390 5 5 2 points What is the amount of ending inventory Lopez should report for Year 2? $22,500 $4,745 O O O $27,245 $29,800