I think the cost per unit should be 25 + 27 + 3 = 55,...
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Accounting
I think the cost per unit should be 25 + 27 + 3 = 55, and then the answer should be 55 * 51000 for units sold this year, but 2805000 is not an answer choice, so am I doing something wrong?
Belle Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.
| Units produced this year | 85,000 | units |
|---|---|---|
| Units sold this year | 51,000 | units |
| Direct materials | $ 25 | per unit |
| Direct labor | $ 27 | per unit |
| Variable overhead | $ 3 | per unit |
| Fixed overhead | $ 658,750 | in total |
Given Belle Company's data, compute cost of finished goods in inventory under variable costing.
-
$1,353,000
-
$1,476,000
-
$1,870,000
-
$2,460,000
-
$984,000
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