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Jax incorporated ropors the following dasa fot its ocly product. The consany had no beginning finished goods irivintary and is ises absorption costing 1. Compute gress profit assuming (a) 71,000 units ace produced and 71,000 units are sold and (b) 702,000 units are peoduced and 7.000 units ate sold 2. By how much would the coenpany's gress profit increase or decrease from producing 34000 mote units than it selts? Compiete this question by entering your answers in the tabs belew. Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b)102,000 units are peoduced and 71,000 units are soid. Jax incorporated reports the following data for its only product. The campany had no beginning finished goods inventory and it useabsorption costing. 1. Compute gross profit assuming (a) 71,000 units are produced and 71,000 units are sold and (b) 102,000 units are produced and 7,000 units are sold. 2. By how much would the company's gross profit increase or decrease from producing 31,000 more units than it sells? Complete this question by entering your answers in the tabs below. By how much would the company's gross profit increase or decrease from producing 31,000 mare units than it selis