Problem 6-2A Lalonde's Sales Ltd., a small Ford dealership, has provided you with the following information with respect to its vehide inventory for the month of July. The company uses the specific identification cost formula. Dete Explanation Model Serial Unit Cost/Price July 1 Beginning inventory Fusion 081362 $24.700 F-150 F1883 24.400 F-150 F1921 20,000 Mustang 662313 29,100 3892 30,100 8 Sales Fusion C81362 25,200 Mustang 662313 31,000 15 Purchases Mustang G71811 29,200 30,00 Escape 121202 20,200 671891 28,600 X4212 30,800 21 Sales Mustang G71891 13,000 F-150 F1921 10100 14,500 21203 23 Purchases Fusion CO2 22.00 20,000 Determine the cost of goods sold and ending inventory for the month of July Cost of Goods Sold Ending Inventory Determine the gross profit for the month of July Gross profit