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What is the unit product cost for the current year

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Reference no: EM132532421

Question - Groovelex Inc. has collected the following data for the current year:

Beginning inventory 50 units

Units produced 550 units

Units sold 600 units

Sale price $120 per unit

Direct materials $25 per unit

Direct labor $12 per unit

Variable manufacturing overhead $13per unit

Fixed manufacturing overhead $16,500 per year

Variable selling and administrative costs $6 per unit

Fixed selling and administrative costs $12,500 per year

Required - What is the unit product cost for the current year using absorption costing?

Reference no: EM132532421

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