The Bradley Corporation produces a product with the following costs as of July 1, 20X1: Material Labor Overhead $5 per unit 3 per unit 1 per unit Beginning inventory at these costs on July 1 was 4,200 units. From July 1 to December 1, 20X1, Bradley Corporation produced 14.400 units. These units had a material cost of $5, labor of $6, and overhead of $4 per unit. Bradley uses LIFO inventory accounting. a. Assuming that Bradley Corporation sold 17,800 units during the last six months of the year at $20 each, what is its gross profit? Gross profit L b. What is the value of ending inventory? Ending inventory Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: 54 Material Labor Overhead Beginning inventory at these costs on July 1 was 12,400 units. From July 1 to December 1, Convex produced 27,500 units. These units had a material cost of $9 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting. a. Assuming that Convex sold 29,500 units during the last six months of the year at $18 each, what would gross profit be? Gross profit b. What is the value of ending inventory? Ending inventory