Convex Mechanical Supplies produces a product with the following costs as of July 1, 20X1: Material $6
Labor 4
Overhead 3
$13

Beginning inventory at these costs on July 1 was 9,700 units. From July 1 to December 1, Convex produced 23,000 units. These units had a material cost of $10 per unit. The costs for labor and overhead were the same. Convex uses FIFO inventory accounting.

a. Assuming that Convex sold 25,000 units during the last six months of the year at $20 each, what would gross profit be?
b. What is the value of ending inventory?

Mauro products distributes a single product, a woven basket whose selling price is $15 and whose variable expense is $12 per unit. the company’s monthly fixed expense is $4,200. required: 1. solve for the company’s break-even point in unit sales using the equation method. 2. solve for the company’s break-even point in dollar sales using the equation method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.) 3. solve for the company’s break-even point in unit sales using the formula method. 4. solve for the company’s break-even point in dollar sales using the formula method and the cm ratio. (do not round intermediate calculations. round "cm ratio percent" to nearest whole percent.)