Question: with show work please Sprint Shoes Inc. had a beginning inventory of 10,000 units on January 1, 20X1. The costs associated with the inventory were:

with show work please Sprint Shoes Inc. had a beginning inventory

with show work please

Sprint Shoes Inc. had a beginning inventory of 10,000 units on January 1, 20X1. The costs associated with the inventory were: Material $ 15.00 per unit Labor 3.00 per unit Overhead 'i'.10 per unit ' During 20x1. the firm produced 44,500 units with the following costs: Material $ 14.50 per unit Labor 6.80 per unit Overhead 'i'.30 per unit ' Sales for the year were 47,550 units at $45.00 each. Sprint Shoes uses LIFO accounting. a. What was the gross prot? {Do not round intermediate calculations] mm b. What was the value of ending inventory? {Do not round intermediate calculations.) Ending inventory

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