In 2010, the BowWow Company purchased 15,397 units from its supplier at a cost of $15 per unit. BowWow sold 10,767 units of its product in 2010 at a...

In 2010, the BowWow Company purchased 15,397 units from its supplier at a cost of $15 per unit. BowWow sold 10,767 units of its product in 2010 at a price of $20 per unit. BowWow began 2010 with $788,612 in inventory (inventory is carried at a cost of $15 per unit). Using this information, compute BowWow's gross profit for 2010.