Sprint Shoes Inc. had a beginning inventory of 10,150 units on January 1, 2013. The costs associated with the inventory were:

Material	$ 13.00 per unit
Labor	8.00 per unit
Overhead	6.10 per unit

During 2013, the firm produced 44,800 units with the following costs:

Material	$ 17.50 per unit
Labor	8.80 per unit
Overhead	10.30 per unit

Sales for the year were 47,710 units at $41.60 each. Sprint Shoes uses LIFO accounting.

a.	What was the gross profit?

Gross profit

$

b.	What was the value of ending inventory?

Ending inventory

$