Compute ending inventory balance in dollars

Reference no: EM131924966

Question: In 2016, the Whaddock Company purchased 10,200,000 units from its supplier at a cost of $10.00 per unit. Whaddock sold 10,525,000 units of its product in 2016 at a price of $14.50 per unit. Whaddock began 2016 with 1,425,000 units in inventory (inventory is carried at a cost of $10.00 per unit).

Using this information, compute Whaddock's gross profit for 2016.

Compute Whaddock's 2016 ending inventory balance in dollars.(valued at cost per unit of $10)

Reference no: EM131924966

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