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Question 3: Marco Sun Fun manufactures three categories of bicycles: Mountain, Road, and Hybrid. On January 1, 2018, Marco adopted dollar-value LIFO and decided to

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Question 3: Marco Sun Fun manufactures three categories of bicycles: Mountain, Road, and Hybrid. On January 1, 2018, Marco adopted dollar-value LIFO and decided to use a single inventory pool (i.e., the dollar values of all three products are added together in this pool). The company's January 1 inventory consists of: During 2018, the company had the following purchases and sales. Required: Compute ending inventory, cost of goods sold, and gross profit. (Hint: to obtain the balance of ending inventory at current period cost, you need to find the number of units of each category in ending inventory and then use the most recent cost per unit)

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