Jerrico Wallboard Co. had a beginning inventory of 7,000 shoes on January 1, 20XX. The costs associated with the Inventory were as follows: Material Labour Overhead $9.00 per shoe 5.00 per shoe 4.10 per shoe During 20XX, the firm produced 28,500 units with the following costs: Material Labour Overhead $11.50 per shoe. 4.80 per shoe 6.20 per shoe Sales for the year were 31,500 units at $29.60 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