Calculate profit and the value of ending inventory for each year using full costing. For 2020: units

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Calculate profit and the value of ending inventory for each year using full costing.

For 2020: units sold = 5,000. Units produced = 5,000. Fixed production costs = $48,000. Variable production costs per unit = $75. Selling price per unit = $225. Fixed selling and administrative expense = $400,000.

For 2021: units sold = 5,000. Units produced = 6,000. Fixed production costs = $48,000. Variable production costs per unit = $75. Selling price per unit = $225. Fixed selling and administrative expense = $400,000.

For 2022: units sold = 5,000. Units produced = 4,000. Fixed production costs = $48,000. Variable production costs per unit = $75. Selling price per unit = $225. Fixed selling and administrative expense = $400,000.

Posted Date: May 31, 2024 02:18 AM

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Calculate profit and the value of ending inventory for each year using full costing. For 2020: units

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