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 ipventory is 6000 racers. Each racers requires 1 wedge of direct material. He begins the period with 5000 wedges that cost $8 each. He desires 5000 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. k. What is the gross margin? This is the answer you should submit