Question: Using the following information: Beginning Inventory 250 Units Produced 7,000 Units Sold ($750/unit) 6,500 Variable Cost per Unit Direct Material $12 Direct Labor $65 Variable

Using the following information:

Beginning Inventory 250

Units Produced 7,000

Units Sold ($750/unit) 6,500

Variable Cost per Unit

Direct Material $12

Direct Labor $65

Variable Overhead $27

Fixed Cost

Fixed overhead per Unit $19

Fixed Selling & Administrative Cost $400,000 annually

PLEASE CALCULATE:

Ending Units in Inventory

Per Unit Cost (via absorption method)

Value of Ending Inventory

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