mx Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses sorption costing Sales price Direct materials Direct labor Variable overhead Fixed overhead $ 56.70 per unit $ 9.70 per unit $ 7.20 per unit $ 11.7 per unit $944,700 per year - Compute gross profit assuming (a) 67,000 units are produced and 67,000 units are sold and (6) 94,000 units are produced and 37,000 units are sold . By how much would the company's gross profit increase or decrease from producing 27,000 more units than it sells? Answer is not complete Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute gross profit assuming (a) 67,000 units are produced and 67,000 units are sold and (b) 94,000 units are produced and 67,000 units are sold (A) 67.000 Units Produced and 67.000 Units Sold 3.700.000 (b) 34,000 Units Produced and 67,000 Units Sold 3.700.000 Sa Cost of goods sold Gospot Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing Sales price $ 56.70 per unit Direct materials $ 9.70 per unit Direct labor $ 7.20 per unit Variable overhead $11.70 per unit Fixed overhead $ 944,700 per year 1. Compute gross profit assuming (6) 67,000 units are produced and 67,000 units are sold and (b) 94,000 units are produced and 67,000 units are sold 2. By how much would the company's gross profit increase or decrease from producing 27,000 more units than it sells? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 By how much would the company's gross profit increase or decrease from producing 27,000 more units than it sells? Gross proti Inces