Question: Please show work. Thanks! I'm having trouble with this one. Problem 5-2 (Part Level Submission) Hamilton Stage Supplies is a manufacturer of a specialized type
Please show work. Thanks! I'm having trouble with this one.
Problem 5-2 (Part Level Submission) Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first three years of business is as follows:
| 2014 | 2015 | 2016 | Total units sold | |
| Units sold | 4350 | 4350 | 4350 | 13050 |
| Units Produced | 4350 | 5220 | 3480 | 13050 |
| fixed production costs | 57420 | 57420 | 57420 | |
| variable production costs per unit | 75 | 75 | 75 | |
| selling price per unit | 220 | 220 | 220 | |
| fixed selling and administrative expense | 214500 | 214500 | 214500 | |
Calculate cost per unit, profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.)
| 2014 | 2015 | 2016 | |
| cost per unit | |||
| net profit | |||
| ending inventory |
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