Sprint Shoes Inc. had a beginning inventory of 9,100 units on January 1, 20X1. The costs associated with the inventory were:

Material	$ 12.00 per unit
Labor	7.00 per unit
Overhead	5.10 per unit

During 20X1, the firm produced 42,700 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 47,290 units at $41.60 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.)

This is the last question in the assignment. To submit, use Alt + Shift + S. To access other questions, proceed to the question map button.