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Jerrico Wallboard Co . had a beginning inventory of 1 0 , 0 0 0 shoes on January 1 , 2 0 x x .
Jerrico Wallboard Co had a beginning inventory of shoes on January The costs associated with the inventory were as
follows:
Material $ per shoe
Labour per shoe
Overhead per shoe
During XX the firm produced units with the following costs:
Material $ per shoe
Labour per shoe
Overhead per shoe
Sales for the year were units at $ each. Jerrico uses average cost accounting.
a What was the gross profit? Do not round intermediate calculations. Round your answer to nearest whole dollar.
Gross profit $
b What was the value of ending inventory? Do not round intermediate calculations. Round your answer to nearest whole dollar.
Ending inventory
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