Question: Can you solve this general accounting problem with appropriate steps and explanations? Bennett Corporation manufactures a single product. The company has the following cost structure:

Can you solve this general accounting problem with appropriate steps and explanations?

Bennett Corporation manufactures a single product. The company has the following cost structure: Variable costs per unit: Production: $5 Fixed costs in total: Production: $15,000 Last year, 5,000 units were produced and 4,200 units were sold. There were no beginning inventories. Under absorption costing, what is the cost of goods sold (COGS) for the year? A, $21,000 B. $33,600 C. $26,500 D. $28,000

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