Answer:
Bradley Corporation
Gross profit is $88,000
Explanation:
a) Data and Calculations:
Material cost = $5
Labor cost = 4
Overhead cost = 5
Total unit cost = $14
Inventory Sheet
Date Description Units Unit Price Total
July 1 Beginning inventory 4,150 $14 $58,100
Dec 1 Production 14,300 $14 200,200
Cost of goods available for sale 18,450 $14 $258,300
Cost of goods sold 17,600 $14 246,400
Dec. 31 Ending Inventory 850 $14 $11,900
Calculation of the gross profit:
Sales revenue = 17,600 * $19 = $334,400
Cost of goods sold 17,600 * $14 246,400
Gross profit 17,600 * $5 $88,000
