Sprint Shoes Inc. had a beginning inventory of 9,600 units on January 1, 20X1. The costs associated with the inventory were: Material Labor Overhead $ 12.00 per unit 7.00 per unit 5.10 per unit During 20x1, the firm produced 43,700 units with the following costs: Material Labor Overhead $ 16.50 per unit 9.80 per unit 8.30 per unit Sales for the year were 47,490 units at $44.60 each. Sprint Shoes uses LIFO accounting. a. What was the gross profit? (Do not round intermediate calculations.) Gross profit b. What was the value of ending inventory? (Do not round intermediate calculations.) Ending inventory