Hercule Company began operations in 2 026. The following information was taken from Hercule's accounting r ecords for 2026 and 2027: 2026 Units produced 2027 25,000 Direct materials cost per unit $11 Direct labor cost per unit $15 cost per unit 18,000 II I II 000 31,000 Selling price per unit $65 $19 Variable overhead $ 7 $11 Variable selling & admin cost per uni t ... $ 4 $ 5 Fixed overhead (total cost) $126,000 $65 5,000 Fixed selling & admin (total cost) $ 22,400 $ 34,100 Units sold $14 III $15 7, Calculate Hercule Company's 2027 gros s profit using absorption costing. Assume Hercule Company employs a LIFO inventory cost flow assumption.

Hercule Company began operations in 2 026. The following information was taken from Hercule's accounting r ecords for 2026 and 2027: 2026 2027 Units produced 25,000 18,000 Direct materials cost per unit $11 $19 Direct labor cost per unit Variable overhead cost per unit $14 Variable selling \& admin cost per uni t \$. \$4 \$5 Fixed overhead (total cost) $126,000 $15 Fixed selling & admin (total cost) Units sold $22,400 $34,100 00 31,000 7, Selling price per unit $65 $65 Calculate Hercule Company's 2027 gros s profit using absorption costing. Assume Hercule Company employs a LIFo inventory cost flow assumption