This Company produces and sells a recycled plastic product that is used for building residential backyard decks. The operating costs for the past year were as follows:

Variable costs per unit:
Direct Materials	$6.80
Direct Labour	$3.20
Variable Overhead	$0.70
Variable Selling	$0.52
Fixed costs per year:
Fixed Overhead	$360,000
Selling and Administrative	$210,000

* Unit fixed cost is based on production

During the year, the company produced 600,000 boards and sold 635,000 at $13.50 each. The company had 44,500 boards in beginning finished goods inventory; costs have not changed from last year to this year.

Assuming the company must adhere to GAAP (Generally Accepted Accounting Principles) what is the cost per unit reported on the Balance Sheet?

What is the total dollar value in ending finished goods inventory (based on part a above).

Prepare a variable-costing income statement.