ABC Cor

1. ABC Corporation has provided the following data for its two most recent years of operation: Selling price per unit Manufacturing costs Variable manufacturing cost per unit produced: Direct materials Direct labor S 84 S 12 S 5 Variable manufacturing overhead Fixed manufacturing overhead per year Selling and administrative expenses Variable selling and administrative expense per unit sold Fixed selling and administrative expense per year S S 432,000 S S 61,000 Year 1 Year 2 Units in beginning inventory Units produced Units sold 3,000 9,000 10,000 2,0000 12,000 9,000 3,000 Units in ending inventory What is the absorption costing per unit product cost? $ What is the amount of fixed manufacturing overhead (released or deferred) in inventories? $ Is it released or deferred? Show your work below nt