1.Goalies Ball, Ltd. a producer of soccer balls reported the following information for the month of October 2020:

Sales price:

$35.00

Per unit

Manufacturing costs incurred this period:

DM

$8.50

Per unit

DL

$4.90

Per unit

Variable OH

$1.15

Per unit

Fixed OH

$12,000

per month

Non-Manufacturing (i.e. Selling and Administrative) costs incurred this period:

Variable S&A

$2.00

Per unit

Fixed S&A

$19,260

per month

Units in finished goods inventory, beginning of the month

0

Units

Units produced this month

3,750

Units

Units sold this month

3,200

Units

a.Calculate the per unit product cost under absorption costing

b.Calculate the per unit product cost under variable costing

c.Prepare the income statement for the month ended 10/31/2020 for the company using absorption costing.

d.Prepare the income statement for the month ended 10/31/2020 for the company using variable costing.

e.Calculate the value of the units in ending inventory as of 10/31/2020 using absorption costing.

f.Calculate the value of the units in ending inventory as of 10/31/2020 using variable costing.