Convex Mechanical supplies produces a product with the following costs as of July 1.2012: Beginning inventory at these costs on was 5.000 units. From July 1 to December 1, Convex produced 15,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex FIFO inventory accounting. Assuming that convex sold 17,000 units during the last six months of the year at $20 each, what would gross profit be? What is the value of ending inventory