What is the gross profit, Sales for the year were 42,000

What is the gross profit

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Reference no: EM131992376

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 .

Reference no: EM131992376

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