The Bradley Corporation produces a product with the following costs as of July 1, 20X1:

Beginning inventory at these costs on July 1 was 3,600 units. From July 1 to December 1, 20X1, Bradley produced 13,200 units. These units had a material cost of $5, labor of $6, and overhead of $4 per unit. Bradley uses LIFO inventory accounting.

a. Assuming that Bradley sold 15,400 units during the last six months of the year at $20 each, what is its gross profit?

b. What is the value of ending inventory?