Old Point National. Homework 2 Course Home Courses - Top Hat AICPA Robert Hall MyTurboTax Logi. Harvard Business P. Seved Help Convex Mechanical Supplies produces a product with the following costs as of July 1, 20x1: $6 Ints Material Labor Overhead 3 03:29:15 $13 Skipped Beginning inventory at these costs on July 1 was 9,700 units. From July 1 to December 1, Convex produced 23,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting. a. Assuming that Convex sold 25,000 units during the last six months of the year at $20 each, what would gross profit be? eBook Hint Gross profit Print b. What is the value of ending inventory? Ending inventory