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Crane Company sells its product for $ 29 per unit. During 2022, it produced 27500 units and sold 15000 units (there was no beginning inventory).

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Crane Company sells its product for $ 29 per unit. During 2022, it produced 27500 units and sold 15000 units (there was no beginning inventory). Costs per unit are: direct materials $ 8, direct labour $ 7, and variable overhead $ 6. Fixed costs are: $330000 manufacturing overhead, and $ 110000 selling and administrative expenses. Cost of goods sold under absorption costing is $ 907500. O $ 315000. $ 495000. $ 555000

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