Sprint Shoes Inc. had a beginning inventory of 10,000 units on January 1, 20X1. The costs associated with the inventory were:

Material	$ 15.00 per unit
Labor	8.00 per unit
Overhead	7.10 per unit

During 20X1, the firm produced 44,500 units with the following costs:

Material	$ 14.50 per unit
Labor	6.80 per unit
Overhead	7.30 per unit

Sales for the year were 47,650 units at $45.00 each. Sprint Shoes uses LIFO accounting.

a. What was the gross profit? (Do not round intermediate calculations.)

b. What was the value of ending inventory? (Do not round intermediate calculations.)