Question 2 Marco Sun Fun manufactures three categories of bicycles: Mountain, Road, and Hybrid. On January 1, 2016, Marco adopted dollar-value LIFO and decided to use a single inventory pool. The company's January 1 inventory consists of: CategoryQuantity Cost per Uit Total Cost $1,350,000 1,600,000 1,250,000 $4,200,000 Mountain Road Hybrid 3,000 2,000 5,000 10,000 $450 800 250 During 2016, the company had the following purchases and sales Quantity Cost perQuantity Selling Price Category Purchased Unit Mountain10,000 Road Hybrid Sold per Unit $495 11,000S 650 8,0001.200 500 9,000 13,000 32.000 820 300 12,000 31,000 Required: Compute ending inventory, cost of goods sold, and gross profit