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

Material	$	5	per unit
Labour		3	per unit
Overhead		1	per unit

Assuming Cox sold 14,800 units during the last six months of the year at $18 each, beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 31, 20XY, Cox produced 12,900 units. These units had a material cost of $4 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 $