The next 2 questions use the same below information. Auto Resales, Inc. started business on January 1, 20X1 (beginning inventory balance is zero). On January 1, 20x1 the company purchased all of the inventory for their used car sales lot. Purchase information is: Total cost of the cars purchased Number of cars purchased $1,500,000 100 Types of cars, number of cars, and sales price per car are as follows: Ford Lexus BMW Total number of lots 100 Number purchased Sales price per car 20 $10,000 1998 40 $20,000 40 $25,000 During the year, Auto Resales, Inc. sold the following cars 4 During the year, Auto Resales, Inc. sold the following cars: Ford Lexus 8 10 BMW 30 Total cars sold 48 Ending inventory in units 52 Using the relative sales value approach, what is the cost allocated to each Lexus car? Numeric Response