Motown Corporation uses the PERIODIC inventory system and the LIFO method of inventory. All purchases and sales are made on account. The following information is available for the year: HINT: PAY ATTENTION TO DATES! USE THIS INFORMATION FOR THE NEXT TWO QUESTIONS. MONTH YEAR UNITS SOLD UNITS PURCHASED 4,000 AMOUNT PER UNIT 20X8 $6.00 Beginning March 20X8 4,000 $6.3 20X8 1,500 $15.00 20X8 $6.9 May July August October November 2,000 7,000 20X8 $7.5 20X8 5,000 $15.00 20X8 5,000 $8.1 Question 5 Calculate the total gross profit for the period ending 12/31/X8. Question 4 Calculate ending inventory in dollars at the balance sheet date 12/31/X8