pols Enabled: BFIN 250 Fall 21 Exam 2 Cox Corporation produces a product with the following costs as of July 1, 20XX Material Labour Overhead $6 per unit 8 per unit 6 per unit Halp Swan & Can Assuming Cox sold 27,000 units during the last six months of the year at $23 each beginning inventory at these costs on July 1 was 8,500 units. From July 1 to December 31, 20XY, Cox produced 21,000 units These units had a material cost of $7 per unit. The costs for labour and overhead were the same. a. If Cox uses FIFO inventory accounting, what would be the gross profit Gross profit $ b. If Cox uses FIFO inventory accounting, What is the value of ending inventory? od? Ending Inventory $