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The Bradiey Corporation produces a product with the following costs as of July 1,20X1: Beginning inventory at these costs on July 1 was 3,450 units.
The Bradiey Corporation produces a product with the following costs as of July 1,20X1: Beginning inventory at these costs on July 1 was 3,450 units. From July 1 to December 1,20X1, Bradley Corporation produced 12,900 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 14,800 units during the last six months of the year at $18 each, what is its gross profit? b. What is the value of ending inventory
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