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Jerrico Wallboard Co. had a beginning inventory of 10,000 shoes on January 1, 20XX. The costs associated with the inventory were as follows: Material Labour

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Jerrico Wallboard Co. had a beginning inventory of 10,000 shoes on January 1, 20XX. The costs associated with the inventory were as follows: Material Labour Overhead $15.00 per shoe 8.00 per shoe 7.e per shoe During 20XX, the firm produced 44,500 units with the following costs: Material Labour Overhead $14.50 per shoe 6.00 per show 7.30 per she Sales for the year were 47650 units at $45.00 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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