The Bradley Corporation produces a product with the following costs as of July 1, 2014:

Material	$ 4 per unit
Labor	2 per unit
Overhead	2 per unit

Beginning inventory at these costs on July 1 was 3,400 units. From July 1 to December 1, 2014, Bradley produced 12,800 units. These units had a material cost of $2, labor of $3, and overhead of $4 per unit. Bradley uses LIFO inventory accounting.

a.	Assuming that Bradley sold 14,600 units during the last six months of the year at $14 each, what is its gross profit ?

Gross profit

$

b.	What is the value of ending inventory?

Ending inventory

$

rev: 09_10_2015_QC_CS-24043