15. The Bradley Corporation produces a product with the following costs as of July Gross profit and 1, 20X1: ending inventory (L04-2) Material: $4 per unit Labor 4 per unit Overhead 2 per unit Beginning inventory at these costs on July 1 was 3,250 units. From July 1 to December 1, 20X1, Bradley produced 12,500 units. These units had a mate- rial cost of $5, labor of $4, and overhead of $5 per unit. Bradley uses LIFO inventory accounting. Assuming that Bradley sold 14,000 units during the last six months of the year at $19 each, what is its gross profit? What is the value of ending inventory