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Cox Corporation produces a product with the following costs as of July 1, 20XX: Material $ 1 per unit Labour 3 per unit Overhead 2

Cox Corporation produces a product with the following costs as of July 1, 20XX: Material $ 1 per unit Labour 3 per unit Overhead 2 per unit Assuming Cox sold 16,200 units during the last six months of the year at $19 each, beginning inventory at these costs on July 1 was 3,800 units. From July 1 to December 31, 20XY, Cox produced 13,600 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 Corporation used average cost inventory accounting, what would gross profit be? Gross profit $ b. Assumed Cox Corporation used average cost inventory accounting, what is the value of ending inventory? Ending inventory $

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