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the bradley corp. produces a product with the following costs as of july 1, 2014. material $4 per unit, labor 4 per unit, overhead 2
the bradley corp. produces a product with the following costs as of july 1, 2014. material $4 per unit, labor 4 per unit, overhead 2 per unit. beginning inventory at these costs on july 1 was 3,250 units. from july 1 to december 1, 2014 bradley produced 12,500 units. these units had a material cost of $5 labor of $4, and overhead of $5 per unit. bradley uses LIFO inventory accounting. assuming that bradley sold 14,000 units during the last 6 months of the year at $19 each, what is its gross profit? what is the value of ending inventory?
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