Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1:

Material$ 4Labor2Overhead1$ 7

Beginning inventory at these costs on July 1 was 7,600 units. From July 1 to December 1, Convex produced 19,500 units. These units had a material cost of $9 per unit.The costs for labor and overhead were the same. Convex uses FIFO inventory accounting.

a.Assuming that Convex sold 21,500 units during the last six months of the year at $18 each, what would gross profit be?