Zeng Company reports the following data: Finished Goods Inventory: Beginning balance, in units ............................... 300 Units produced

Question:

Zeng Company reports the following data:
Finished Goods Inventory:
Beginning balance, in units ............................... 300
Units produced ........................................... 2,900
Units sold ................................................ (1,600)
Ending balance, in units ................................. 1,600
Production Costs:
Variable manufacturing costs per unit .................. $ 57
Total fixed manufacturing costs ...................... 26,100
Calculate the product cost per unit and the total cost of the 1,600 units in using absorption costing and variable costing?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...