Use the following information for questions 10-15: Pteri Manufacturing makes a single product - the Pteri. Information for 2005 appears below:

Sales in units: 200,000

Production in units: 250,000

Beginning inventory 0

Variable production cost per unit: $1.00

Variable selling cost per unit: $0.30

Fixed production cost per year $100,000

Fixed selling and administrative cost per year $50,000

Selling price per unit $3.00 10.

What is the cost per unit of inventory using variable costing?

A. $1.00 B. $1.30 C. $1.40 D. $1.70

11. What is the full cost per unit of inventory?

A. $1.00 B. $1.30 C. $1.40 D. $1.70

12. What is the profit for the year under variable costing?

A. $190,000 B. $275,000 C. $185,000 D. $125,000

13. What is the profit for the year under full costing?

A. $190,000 B. $275,000 C. $185,000 D. $210,000

(Show work Please)