Moskowitz Corporation has provided the following data for its two most recent years of operation:

Selling price per unit	$ 91
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials	$ 13
Direct labor	$ 7
Variable manufacturing overhead	$ 3
Fixed manufacturing overhead per year	$ 480,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold	$ 6
Fixed selling and administrative expense per year	$ 84,000

	Year 1	Year 2
Units in beginning inventory	0	3,000
Units produced during the year	12,000	10,000
Units sold during the year	9,000	10,000
Units in ending inventory	3,000	3,000

The unit product cost under absorption costing in Year 2 is closest to:

Multiple Choice

$77.00

$48.00

$23.00

$71.00

Moskowitz Corporation has provided the following data for its two most recent years of operation:

Selling price per unit	$ 91
Manufacturing costs:
Variable manufacturing cost per unit produced:
Direct materials	$ 13
Direct labor	$ 7
Variable manufacturing overhead	$ 3
Fixed manufacturing overhead per year	$ 480,000
Selling and administrative expenses:
Variable selling and administrative expense per unit sold	$ 6
Fixed selling and administrative expense per year	$ 84,000

	Year 1	Year 2
Units in beginning inventory	0	3,000
Units produced during the year	12,000	10,000
Units sold during the year	9,000	10,000
Units in ending inventory	3,000	3,000

The unit product cost under variable costing in Year 1 is closest to:

Multiple Choice

$63.00

$69.00

$23.00

$29.00