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The Bradley Corporation produces a product with the following costs as of July 1.20X1: Beginning inventory at these costs on July 1 was 3, 950 units. From July 1 to December 1, 20X1, Bradley produced 13, 900 units. These units had a material cost of S2, labor of $4, and overhead of $2 per unit. Bradley uses LIFO inventory accounting. Assuming that Bradley sold 16.800 units during the last six months of the year at S13 each, what is its gross profit? Gross profit What is the value of ending inventory? Ending inventory

 

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