Question
Affinity makes a single product, pool pumps. Information for 2017 appears below (Assume the same unit costs in all years): Sales in units 5,800 Production
Affinity makes a single product, pool pumps. Information for 2017 appears below (Assume the same unit costs in all years):
| Sales in units | 5,800 |
| Production in units | 6,200 |
| Beginning inventory | 1,500 |
| Variable production cost per unit | $46.00 |
| Variable selling cost per unit | $6.00 |
| Fixed production cost per year | $31,000 |
| Fixed selling and administrative cost per year | $24,000 |
| Selling price per unit | $75.00 |
How much is the full cost per unit of inventory?
A) $46.00
B) $51.00
C) $57.00
D) $52.00
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp
8th Edition
0538466790, 9780538466790
