Chapter 47 Assignment Help Save & EX 5 7 Jerrico Walboard Co had a beginning inventory of 10.000 shoes on January 1, 20XX, The costs associated with the inventory were as follows: 10 Material Labour Overhead $15.00 per shoe 8.00 per shee 7.10 per shoe During 20XX, the firm produced 44,500 units with the following costs: Material Labour Overhead $14.50 per shoe 6.30 per shoe 7.10 per shoe Sales for the year were 47650 units at $45.00 each. Jerrico uses Average Cost accounting o. What was the gross profit? (Do not round intermediate calculations, Round your answer to nearest whole dollar) Gross profit b. What was the value bf ending inventory? (Do not round intermediate calculations. Round your answer to nearest whole dollar) Ending Inventory