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Exercise 4 - 1 ( Algo ) Variable and Absorption Costing Unit Product Costs [ LO 4 - 1 ] Ida Company produces a handcrafted

Exercise 4-1(Algo) Variable and Absorption Costing Unit Product Costs [LO4-1]
Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $752. Selected data for the company's operations last year follow:
\table[[Units in beginning inventory,0],[Units produced,17,000],[Units sold,14,000],[Units in ending inventory,3,000],[Variable costs per unit:,],[Direct materials,$140
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