Advanced Company reports the following information for the current year. All beginning inventory amounts equaled...
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Accounting
Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
Units produced this year 105,000 units
Units sold this year 63,000 units
Direct materials $ 8.75 per unit
Direct labor $ 9.75 per unit
Variable overhead $ 708,750 in total
Fixed overhead $ 918,750 in total
Given Advanced Company's data, compute cost per unit of finished goods under absorption costing.
A.$42.75
B.$34.00
C.$8.75
D.$9.75
E.$29.75
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