Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses

absorption costing.

Compute gross profit assuming $($a$)71,000$ units are produced and $71,000$ units are sold and $($b$)102,000$ units are produced and

$71,000$ units are sold.

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.

Required $1$

Compute gross profit assuming $($a$)71,000$ units are produced and $71,000$ units are sold and $(b)102,000$ units are produced

and $71,000$ units are sold.