Cox Corporation produces a product with the following costs as of July 1, 20XX:

Material$1per unitLabour3per unitOverhead2per unit

Assuming Cox sold 15,200 units during the last six months of the year at $19 each, beginning inventory at these costs on July 1 was 3,550 units. From July 1 to December 31, 20XY, Cox produced 13,100 units. These units had a material cost of $5 per unit. The costs for labour and overhead were the same.(Round your intermediate values to 2 decimal places and final answer to the nearest whole dollars.)

a.Assumed Cox Corportation used average cost inventory accounting, what would gross profit be?

Gross profit$

b.Assumed Cox Corportation used average cost inventory accounting, what is the value of ending inventory?

Ending inventory$