Randy's uses process costing in its two sequential production departments. During the month, the company spend $40 million on manufacturing costs and $2 million on operating expenses. At the end of the month, some units were still in production (end WIP)

The cost per EU in the FIRST department were: $2.50/ DM EU and $1.20/ Conversion EU.

The cost per EU in the SECOND department were: $1.25 /DM EU and $0.50/Conversion EU.

During the month, the company sold 6 million units for $10 each. Each of these units were produced during the month.

What is the company's gross profit for the month?