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Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 8.2 million boards at a $6.40

Wallis Company produces circuit boards in a foreign country that imposes a 15 percent VAT. This year, Wallis manufactured 8.2 million boards at a $6.40 material cost per unit. Walliss labor and overhead added $1.28 to the cost per unit. Wallis sold the boards to various customers for $9.60 per unit for a net profit of $1.92 per unit.

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How much VAT does Wallis Company owe?

Note: Enter your answer in dollars not in millions of dollars.

VAT:

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