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

Cox Coppration produces a product with the following costs as of July 1, 20xX: 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