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Wallis Company produces circuit boards in a foreign country that imposes a 1 5 percent VAT. This year, Wallis manufactured 6 . 2 million boards

Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 6.2 million boards at a $2.40 material cost per unit. Walliss labor and overhead added $0.48 to the cost per unit. Wallis sold the boards to various customers for $3.60 per unit for a net profit of $0.72 per unit.
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How much VAT does Wallis Company owe?
Note: Enter your answer in dollars not in m

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