Walker is the owner of Walker's Racers and expects sales of $9000$ racers this period at a price of $95$ per racer. His beginning finished good inventory includes $6000$ racers from last period that each had a cost of $ $60.$ His desired finished goods ending inventory is $5000$ racers. Each racers requires $1$ wedge of direct material. He begins the period with $2000$ wedges that cost $ $8$ each. He desires $3000$ wedges in ending inventory. Wedges purchased this period cost $ $10$ each. Every racer requires $2$ hours of labor at a rate of $ $12$ per labor hour. MOH is assigned based on labor hours at a rate of $ $20$ per labor hour. Beginning and ending WIP inventories are negligible; so treat as $$0.$ These t$-$accts are provided to assist you as needed. Calculate Walker's racer's gross margin?

Note you must first do each and all of the following:

a$.$ Determine how many racers Walker must produce?

b$.$ Determine the total number of wedges that must be purchased?

c$.$ Determine the total cost of the wedges purchase?

d$.$ Determine the total cost of wedges used in production?

e$.$ Determine the total cost of required labor?

f$.$ Determine the total MOH cost?

g$.$ Determine the Cost of goods manufactured?

h$.$ Determine the cost of a single racer in finished goods inventory?

i$.$ Determine the total value of ending finished goods inventory?

j$.$ Determine the cost of goods sold?

k$.$ What is the gross margin? This is the answer you should submit.

Correct answer $=227,000$ Show all steps $($a$.-$k$.)$ to get to this answer.