Just Walls Inc. had a beginning inventory of 5,000 units on January 1, 2016. The costs associated with the inventory were: Material Labor.. Overhead... $8.00 unit 6.00 unit 4.50 unit During 2016, Just Walls produced 30,500 units with the following costs Material Labor... Overhead. $12.50 unit 5.80 unit 5.20 unit Sales for the year were 32,000 units at $30.60 each. Just Walls uses FIFO accounting. What was the gross profit? What was the value of ending inventory