McFadden, Inc. has collected the following data. (There are no beginning inventories.) Units produced 700 units Sales price $150 per unit Direct materials $30 per unit Direct labor $10 per unit Variable manufacturing overhead $10 per unit Fixed manufacturing overhead $17,300 per year Variable selling and administrative costs $6 per unit Fixed selling and administrative costs $17,200 per year What is the ending balance in Finished Goods Inventory using variable costing if 600 units are sold? A. $5,000 B. $2,000 C. $4,000 D. $3,000

Penny's Pies, Inc. has provided the following financial information for the year: Finished Goods Inventory: Beginning balance, in units 640 Units produced 2,100 Units sold 2,200 Ending balance, in units 540 Production Costs: Variable manufacturing costs per unit $60 Total fixed manufacturing costs $33,600 What is the unit product cost for the year using variable costing? A. $15 B. $76 C. $60 D. $62