Netflix Inc. produced and sold streaming devices in July 2026, incurring the following costs:

1. Direct materials: $860,000
2. Direct labor: $660,000
3. Manufacturing overheads: $620,000
4. Selling expenses: $360,000
5. Administrative expenses: $320,000
6. Units produced and sold: 70,000 units
7. Sales revenue: $3,500,000

Requirements:

1. Calculate the total cost of production.
2. Compute the cost per unit.
3. Determine the gross profit per unit.
4. Calculate the total gross profit and net profit.