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Sprint Shoes Inc. had a beginning inventory of 9,250 units on January 1, 20X1. The costs associated with the inventory were: The Bradley Corporation produces

Sprint Shoes Inc. had a beginning inventory of 9,250 units on January 1, 20X1. The costs associated with the inventory were:

The Bradley Corporation produces a product with the following costs as of July 1, 20X1:

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

During 20X1, the firmproduced 43,000 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 47,350 units at $44.60 each. Sprint Shoesuses LIFO accounting.

A. What was the gross profit?

B. Value of ending inventory?

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