Motown Corporation uses the PERPETUAL inventory system and the LIFO method of inventory. All purchases and sales are made on account. The following information is available. HINT: PAY ATTENTION TO DATES! USE THIS INFORMATION FOR THE NEXT TWO QUESTIONS. MONTH YEAR UNITS SOLD UNITS PURCHASED 4,000 AMOUNT PER UNIT 20X7 $6.00 September October 20X7 4,000 $6.3 20X7 1,500 $15.00 November December 20X7 2,000 $6.9 June 20X8 7,000 $7.5 October 20X8 5,000 $15.00 November 20X8 5,000 $8.10 Question 2 Calculate ENDING inventory in dollars AT 12/31/X8. Question 3 Calculate the total gross profit for the period ending 12/31/X8