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The Lucky Ole Sun manufactures dried grapes. The following data are available for the year 2020 Opening stock 1,000 units valued at $5000 Production
The Lucky Ole Sun manufactures dried grapes. The following data are available for the year 2020 Opening stock 1,000 units valued at $5000 Production 5,000 units consisting of: Direct material @3 per unit Direct labour 2 per unit Fixed production cost Variable selling & dist. cost $10,000 Fixed selling & dist. cost $1.50 per unit $4,000 Fixed admin expenses $3,000 The closing inventory in units for The Lucky Ole Sun using the absorption costing method was:
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