WE CAN Submit Cox Corporation produces a product with the following costs as of July 1, 20XX: Material Labour Overhead $4 per unit 6 per unit 4 per unit Assuming Cox sold 22,000 units during the last six months of the year at $23 each, beginning inventory at these costs on July 1 was 6,000 units. From July 1 to December 31, 20XY, Cox produced 21.000 units. These units had a material cost of $5 per unit. The costs for labour and overhead were the same. a. If Cox uses FIFO Inventory accounting, what would be the gross profit for the period? Gross profit $ b. If Cox uses FIFO inventory accounting. What is the value of ending inventory? Ending inventory [ Activate Windows