During the most recent year, Judson Company had the following data associated with the product it makes:
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Question:
During the most recent year, Judson Company had the following data associated with the product it makes:
Units in beginning inventory 300
Units produced 14,200
Units sold ($300 per unit) 12,700
Variable costs per unit:
Direct materials $20
Direct labor $60
Variable overhead $13
Fixed costs:
Fixed overhead per unit produced $30
Fixed selling and administrative $140,000
Required:
1. How many units are in ending inventory?
2. Using absorption costing, calculate the per-unit product cost.
3. What is the value of ending inventory under absorption costing?
Related Book For
Cornerstones of Managerial Accounting
ISBN: 978-1305103962
6th edition
Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
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