Sprint shoes had a beginning inventory of 9,000 units in Jan 1.2010.
Material $13.00 per unit
Labor 7.80 per unit
overhead 8.30
During 2010 the firm produed 42,500units with the following costs
Material 15.50 unit
7.80 per unit
8.30 per unit
Sales for the year were 42,000 units at $39.60 each. What is the gross profit. What was the value of ending inventory .