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Problem: Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theater. Information on the first three years of business is as follows:
2014
2015
2016
Total
Units sold
4,450
13,350
Units produced
4,50
5,340
3,560
Fixed production costs
$53,400
Variable production costs per unit
$72.00
Selling price per unit
$220
Fixed selling and administrative expense
$224,900
Calculate cost per unit, profit and value of ending inventory of each year using full costing.
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