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Current Attempt in Progress Ivanhoe Company builds custom fishing lures for sporting goods stores, In...

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Accounting

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Current Attempt in Progress Ivanhoe Company builds custom fishing lures for sporting goods stores, In its first year of operations, 2025, the company incurred the following costs. Ivanhoe Company sells the fishing lures for \$32.50. During 2025, the company sold 79,000 lures and produced 92,000 lures. Assuming the company uses variable costing, calculate lvanhoe's manufacturing cost per unit for 2025 . (Round answer to 2 decimal places, e.8. 10.50.) Manufacturing cost per unit $ (b) Prepare a variable costing income statement for 2025. (Enter negative omounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Assuming the company uses absorption costing, calculate Ivanhoe's manufacturing cost per unit for 2025. (Round answer to 2 decimal places, e.g. 10.50.) Manufacturing cost per unit eTextbook and Media Attempts: 0 of 5 used (d)

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