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The Bradley Corporation produces a product with the following costs as of July 1,20X1: ...

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Accounting

The Bradley Corporation produces a product with the following costs as of July 1,20X1:
Material
Labor
Overhead
$4 per unit
2 per unit
2 per unit
Beginning inventory at these costs on July 1 was 3,150 units. From July 1 to December 1,20X1, Bradley Corporation produced 12,300 units. These units had a material cost of $4, labor of $6, and overhead of $3 per unit. Bradley uses LIFO inventory accounting.
a. Assuming that Bradley Corporation sold 13,600 units during the last six months of the year at $18 each, what is its gross profit?
Answer is complete but not entirely correct.
Gross profit
$ 74,800
b. What is the value of ending inventory?
Answer is complete but not entirely correct.
Ending inventory
$
12,800
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