2. The following information is associated with the production of electronic items of Blue Chips Bhd.

UNITS:

Beginning inventories

Produced

Sold(RM300)

Costs per unit:

Direct materials

Direct labor

Overhead

Fixed costs:

Fixed overhead per unit produced

Fixed selling and administrative

Required:

To calculate Units in ending inventory.

Using absorption costing calculate:

The per-unit product cost.

The value of ending inventory.

Using variable costing calculate:

The per-unit product cost.

The value of ending inventory.