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***Please type out the answer. Compute total cost of goods sold under absorption costing based on the following data. Unit cost for direct materials $10
***Please type out the answer.
Compute total cost of goods sold under absorption costing based on the following data. Unit cost for direct materials $10 Unit cost for direct labor 15 Unit cost for variable manufacturing overhead 7 Unit variable selling and administrative expense 3
Total fixed manufacturing overhead $100,000
Total fixed selling and administrative expense 82,000
Units in beginning inventory 0
Units produced 25,000 Units sold 22,000
Unit selling price $70
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