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Vermillion BBQ produces stainless steel propane gas grills. The company has been in operation for 3 years, and sales have declined each year due to

Vermillion BBQ produces stainless steel propane gas grills. The company has been in operation for 3 years, and sales have declined each year due to increased competition. The following information is available:

Units sold

30,500

27,500

26,100

84,100

Units produced

30,500

30,500

23,100

84,100

Fixed production costs

$30,164,500

$30,164,500

$30,164,500

Variable production costs per unit

$1,020

$1,020

$1,020

Selling price per unit

$2,551

$2,551

$2,551

Fixed selling and administrative expense

$377,900

$377,900

$377,900

Calculate profit and the value of ending inventory for each year under full costing. (Round cost per unit and final answer to 0 decimal places, e.g. 15.)

2017 2018 2019

Net Profit ? ? ?

Ending Inventory ? ? ?

I have no idea where to start, any information is greatly appreciated. Thanks!

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