The Bradley corporation produces a product with the following costs a of July 1, 20x1:

material : $1 per unit

labor 3 per unit

overhead 2 per unit

beginning inventory at these costs on July 1 was 3,300 units. From July 1 to December 1, 20X1, Bradley Corporation produces 12,600 units . These units had a material cost of $5, labor of $6, and overhead of $4, per unit. Bradley uses LIFO inventory accounting .

a. Assuming that Bradley Corporation sold 14,200 units during the last six months of the year at $20 each , what is the gross profit ?

b. What is the value of ending inventory ?