Lopez Company sells chairs that are used at computer stations. Its beginning inventory of chairs in Year 1 was 100 units at $60 per unit. During the year, Lopez made two purchases of this chair. The first was a 150-units purchase at $68 per unit; the second was a 200-unit purchase at $72 per unit. During Year 1, it sold 270 chairs at $120 each. During Year 2, Lopez made two additional purchases of this chair. The first was a 100-unit purchase at $73 per unit; the second was a 300-unit purchase at $75 per unit. During Year 2, it sold 215 chairs at $125 each. Lopez applies the FIFO cost flow assumption. Question at position 1 1 What is the amount of gross profit Lopez should report for Year 2? What is the amount of gross profit Lopez should report for Year 2? $11,360 $15,515 $26,875 $42,390