During the most recent year, Blessing Corp. had the following data:

Beginning inventory in units 0

Units produced 15,400

Units sold ($ 130 PER UNIT) 8,200

Variable costs per units:

Direct Materials $13

Direct labor $17

Variable overhead $10

Fixed costs:

Fixed overhead per unit produced $23

Fixed selling and administrative $185,000

A). How many units are in ending inventory?

B). Using absorption costing, calculate the per unit product cost. What is the value of ending inventory?

C). Using variable costing, calculate the per unit product cost. What is the value of ending inventory?

D). Formulate an income statement using absorption costing.

E). Formulate an income statement using variable costing.