Waltman Company produces metal brackets. Below is the data for their product.

Units in beginning finished goods inventory	900
Cost per unit	?
Units produced	60,000
Units sold ($13.50 per unit)	56,000
Variable costs per unit produced:
Direct materials	$1.80
Direct labor	0.90
Variable overhead	0.30
Variable selling expenses (per unit sold)	$0.10
Fixed costs:
Fixed overhead incurred	$216,000
Fixed selling and administrative	$72,000

Using absorption costing, answer the following:

1. Calculate the fixed overhead per unit produced (round to the nearest cent): $

2. Calculate the units in ending inventory:

3. Calculate the per-unit product cost (round to the nearest cent): $

4. Calculate the cost of units in ending inventory (round to the nearest dollar): $

5. From the information provided in the scenario and Requirements 1 through 4,

Waltman Company
Absorption-Costing Income Statement
Sales:
Less: Cost of goods sold:
Gross margin:
Less: Selling and administrative expenses:
Operating Income: