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Calculate profit and the value of ending inventory

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Problem - Variable and Full Costing: Sales Constant but Production Fluctuates

Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows:

 

2011

2012

2013

Total

Units sold

3,000

3,000

3,000

9,000

Units produced

3,000

4,500

1,500

9,000

Fixed production costs

$45,000

$45,000

$45,000

 

Variable production costs per unit

$75

$75

$75

 

Selling price per unit

$225

$225

$225

 

Fixed selling and administrative Expenses

$4,500

$4,500

$4,500

 

Required - Calculate profit and the value of ending inventory for each year using full costing.

Reference no: EM131826336

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