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4.) Inland Company sells its product for $40 per unit. During 2022, it produced 60,000 units and sold 50,000 units (there was no beginning inventory).
4.) Inland Company sells its product for $40 per unit. During 2022, it produced 60,000 units and sold 50,000 units (there was no beginning inventory). Cost per unit are: direct materials $11, direct labor $11, and variable overhead $2. Fixed costs are $720,000 manufacturing overhead, and $40,000 selling and administrative expenses. Ending inventory under variable costing is
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