Problem 4-15 Gross profit and ending inventory (L04-2] The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor Overhead $1 per unit 3 per unit 2 per unit Beginning inventory at these costs on July 1 was 4,050 units. From July 1 to December 1, 20x1, Bradley Corporation produced 14,100 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting, a. Assuming that Bradley Corporation sold 17,200 units during the last six months of the year at $18 each, what is its gross profit? Gross profit 114,350 b. What is the value of ending inventory? Ending inventory