The Bradley Corporation produces a product with the following costs as of July 1, 20X1:

Material	$5 per unit
Labor	3 per unit
Overhead	1 per unit

Beginning inventory at these costs on July 1 was 3,950 units. From July 1 to December 1, 20X1, Bradley Corporation produced 13,900 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 16,800 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?