Terrific Company manufactures and sells two products, A and B Data pertaining to these products

are as follows:

A B

Contribution margin per unit P60 P80

Fixed factory overhead 10 20

Fixed selling and administrative

costs 15 25

Variable selling and

administrative cost per unit 10 15

Selling price per unit 110 150

Normal production and sales (in

units) 20,000 30,000

During the month, the company produced 20,000 units of A and 30,000 units of B and sold 15,000 units

of A and 80% of the B's production. There was no inventory of finished goods for both products at he

beginning of the month.

Required: Provide the following information

Absorption costing Variable costing

Product A Product B Product A Product B

Cost of Goods Sold

Cost of ending

inventory