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 $9.00 per shoe Labour 5.00 per shoe Overhead 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 S