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In-Class Exercises Ch 6 (1 of 2). Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold $833. Selected data for the company's operations

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In-Class Exercises Ch 6 (1 of 2). Crazy Horse Corp. produces handcrafted coup sticks. The Sticks are sold $833. Selected data for the company's operations last year follow: SHOW YOUR CALCULATIONS for those questions that require calculations! 0 23,000 21,000 ? Units in beginning FG inventory Units produced Units sold Units in ending FG inventory Variable costs per unit: Direct materials Direct labor Variable MOH Variable S&A Fixed costs Fixed MOH Fixed S&A $110 $520 $53 $17 $690,000 $630,000 Answer the following questions, 1. How many units were produced? 2. How many units were sold? 3. How many units were in ending inventory? 4. Calculate unit product cost using absorption costing 5. Calculate unit product cost using variable costing 6. Calculate COGS using absorption costing (this is the absorption costing unit product cost x units sold). 7. Calculate COGS using variable costing (this is the variable costing unit product cost x units sold)

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