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Svenson Company is a manufacturing company that produces and sells a single product. During 2020 the company manufactured 90,000 units and sold 95,000 units. WIP
Svenson Company is a manufacturing company that produces and sells a single product. During 2020 the company manufactured 90,000 units and sold 95,000 units. WIP inventory on January 1, 2020 was $70,000 and WIP inventory on December 31, 2020 was $60,000. Other related information in the 2020 is as follows (in totals) : DM purchases $100,000 (80 % used in production) Sales salaries $ 120,000 Labour Wages $ 250,000 (80% of which is direct) Finished Goods (beginning.......$ 150,000 Administrative salaries.$ 150,000 Factory insurance.$ 200,000 Indirect materials used.$ 50,000 Finished Goods (ending) ..$ 100.000 Office Insurance $150,000 sales price: $15 per unit REQUIRED: Find unit cost of the production
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