Question

Chang Company reports the following data:
Finished Goods Inventory:
Beginning balance, in units.......... 500
Units produced ............... 2,200
Units sold ................ 1,800
Ending balance, in units .......... 900
Production Costs:
Variable manufacturing costs per unit ..... $ 56
Total fixed manufacturing costs ....... 24,300

Calculate the product cost per unit and the total cost of the 900 units in ending inventory using absorption costing and variable costing.



$1.99
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  • CreatedJanuary 16, 2015
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