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Preparing an Ending Finished Goods Inventory Budget Andrews Company manufactures a line of office chairs. Each chair takes $ 1 2 of direct materials and
Preparing an Ending Finished Goods Inventory Budget
Andrews Company manufactures a line of office chairs. Each chair takes $ of direct materials and uses direct labor
hours at $ per direct labor hour. The variable overhead rate is $ per direct labor hour, and the fixed overhead rate is
$ per direct labor hour. Andrews expects to have chairs in ending inventory. There is no beginning inventory of
office chairs.
Required:
Calculate the unit product cost. Round your answer to the nearest cent.
$
Calculate the cost of budgeted ending inventory.
$
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