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

Material $5per unit

Labour $3per unit

Overhead $1per unit

Assuming Cox sold 15,800 units during the last six months of the year at $14 each, beginning inventory at these costs on July 1 was 3,700 units. From July 1 to December 31, 20XY, Cox produced 13,400 units. These units had a material cost of $2 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$