Absorption Costing, Value of Ending Inventory, Operating Income Pattison Products, Inc, beqan operations in October and manufactured 42,000 units during the month with the following unit costs: "Fixed overhead per unit =$378,000/42,000 units produced =$9 Required: 1. Calculate the cost of each unit using absorption costing. Round your final answer to the nearest cent. per unit units remain in ending inventory? units What is the cost of ending inventory using absorption costing? Fonoback T Conck My Work 1. Absorption costing assigns all manufacturing costs (fixed and variable) to each unit produced. 2. Beginning inventory + Units Produced - Units Sold = Ending inventory Cost per unit x total units not sold = cost of ending inventory. 3. Prepare an absorption-costing income statement for Pattison Products, Inc., for the month of October. Pattison Products, Inc. Absorption-Costing Income Statement Fonoback TOnock My Work 3. Absorption costing assigns all manufacturing costs (fixed and variable) of products sold as COGS. 4. What if Nmuember production was 42,000 units, costs were stable, and sales were 43,000 units? What is the cost of ending inventory? What is overating income for November