12 Part 4 of 5 2 points Required information On October 7, Daniel Casual Shoes began a production run of its most popular shoe, the "Damn Daniel That's Fleek" model by transferring in canvas material that was properly cut and attached to pre-constructed shoe soles. The Company completed the production run on October 25. The following information was obtained from the accounting records of Daniel Casual Shoes relative to the production run: Total Units Produced Canvass Material Used 410,000 pairs 307,500 square yards eBook Historic Cost of Cavass Purchased $2.962 Per square yard References Cost of Pre-Constructed Shoe Soles Used $985,025 Wages of Assembly Line Workers Overhead Applied to the Production Run $1,168,500 $1,127,500 Be sure to round the historic cost per pair of the shoes produced to the tenth of a cent. For example, $1.8549, would be rounded as $1.855. On October 28, Daniel Casual Shoes sold 295,000 pairs of the "Damn Daniel That's Fleek" model to a distributer for $24.25 per pair. Compute the amount of Gross Profit that Daniel Casual Shoes would report: