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Tri Town Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first 3 years of business is
Tri Town Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first 3 years of business is as follows:
*Part B
Problem 5-2 (Part Level Submission) Tri Town Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first 3 years of business as follows: 2017 2018 2019 Total Units sold 5,300 5,300 5,300 15,900 Units produced 5,300 6,360 4.240 15,900 Fixed production costs $73,140 $73,140 $73,140 Variable production costs per unit $74 $74 $74 Selling price per unit $206 $206 $206 Fixed selling and administrative expense $5,230 $5,230 $5,230 (a) Your answer is correct. Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.) 2018 2017 2019 Cost per unit 87.80 85.50 91.25 Net profit 621230 633420 609040 Ending inventory 0 90630 0 (b) Calculate profit and the value of ending inventory for each year using variable costing 2017 2019 2018 Net profit Ending inventory $Step by Step Solution
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