Question

3)The Bradley Corporation produces a product with the following costs as of July 1, 2014:
  
     Material$ 1 per unit    Labor3 per unit    Overhead2 per unit  
       Beginning inventory at these costs on July 1 was 3,300 units. From July 1 to December 1, 2014, Bradley produced 12,600 units. These units had a material cost of $5, labor of $6, and overhead of $4 per unit. Bradley uses LIFO inventory accounting.
 a.Assuming that Bradley sold 14,200 units during the last six months of the year at $20 each, what is its gross profit ?
   Gross profit$   
 b.What is the value of ending inventory?
   Ending inventory$   

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