The Bradley Corporation produces a product with the following costs as of July 1, 20X1: $ 1 per unit 3 per unit 2 per unit Material Labor Overhead Beginning inventory at these costs on July 1 was 3,050 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,100 units. These units had a material cost of $2, labor of $4, and overhead of $2 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 13,200 units during the last six months of the year at $13 each, what is its gross profit? Gross profit b. What is the value of ending inventory? Ending inventory

The Bradley Corporation produces a product with the following costs as of July 1,20X1: Beginning inventory at these costs on July 1 was 3,050 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,100 units. These units had a material cost of $2, labor of $4, and overhead of $2 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 13,200 units during the last six months of the year at $13 each, what is its gross profit? b. What is the value of ending inventory? The Bradley Corporation produces a product with the following costs as of July 1,20X1: Beginning inventory at these costs on July 1 was 3,050 units. From July 1 to December 1, 20X1, Bradley Corporation produced 12,100 units. These units had a material cost of $2, labor of $4, and overhead of $2 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 13,200 units during the last six months of the year at $13 each, what is its gross profit? b. What is the value of ending inventory