Question 24 Apt A company's inventory records show the following activity for the month of July. July 1 July 5 beginning inventory purchased 380 units - $15 cost per unit 270 units - $17 cost per unit 400 units - $50 selling price per unit July 10 sold Use FIFO to determine the dollar value of ending inventory, the dollar value of cost of goods sold and the dollar value of gross profit after the sale. The number of units are not required in the answers. YOUR ANSWER SHOULD NOT USE DOLLAR SIGNS, DECIMALS OR COMMAS FOR EXAMPLE: 6942 Purchases Cost of Goods Sold Inventory Sales Revenue $ $ $ What is the Gross Profit after the sale? $