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Jerrico Wallboard Co . had a beginning inventory of 9 , 8 0 0 shoes on January 1 , 2 0 XX . The costs
Jerrico Wallboard Co had a beginning inventory of shoes on January XX 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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