Sprint Shoes Inc. had a beginning inventory of 9,950 units on January 1, 20X1. The costs associated with the inventory were:

Material	$ 14.00 per unit
Labor	9.00 per unit
Overhead	6.10 per unit

During 20X1, the firm produced 44,400 units with the following costs:

Material	$ 13.50 per unit
Labor	5.80 per unit
Overhead	6.30 per unit

Sales for the year were 47,630 units at $44.60 each. Sprint Shoes uses LIFO accounting.

a. What was the gross profit?