Calculate the per-unit product cost

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Reference no: EM131812188

During the most recent year, ABC Corp. had the following data:

Beginning inventory in units	-
Units produced	16,000
Units sold ($125 per unit)	15,000
Variable costs per unit:
Direct materials	$ 10
Direct labor	$ 18
Variable overhead	$ 6
Fixed costs:
Fixed overhead per unit produced	$ 25
Fixed selling and administrative	$ 200,000

Required:

A. How many units are in ending inventory?

B. Using absorption costing, calculate the per-unit product cost. What is the value of ending inventory?

C. Using variable costing, calculate the per-unit product cost. What is the value of ending inventory?

D. Prepare an income statement using absorption costing.

E. Prepare an income statement using variable costing.

Reference no: EM131812188

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