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Sprint Shoes Inc. had a beginning inventory of 9,250 units on 16. The costs associated...

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Sprint Shoes Inc. had a beginning inventory of 9,250 units on 16. The costs associated with the inventory January 1, 2013 were: Material $15.00 per unit Labor 8.00 per unit Overhead 7.10 per unit During 2013, the firm produced 43,000 units with the following costs: $17.50 per unit Material 8.80 per unit Labor 10.30 per unit Overhead Sales for the year were 47,350 units at $44.60 each. Sprint Shoes uses LIFO accounting. What was the gross profit? What was the value of ending inventory

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