Business, 05.05.2020 05:41 SmokeyRN

Sales (14,000 units × $219 per unit) $ 3,066,000 Cost of goods sold Direct materials $ 350,000 Direct labor 602,000 Production supplies 378,000 Plant manager salary 150,000 1,480,000 Gross profit 1,586,000 Selling expenses Sales commissions 112,000 Packaging 224,000 Advertising 100,000 436,000 Administrative expenses Administrative salaries 200,000 Depreciation—office equip. 170,000 Insurance 140,000 Office rent 150,000 660,000 Income from operations $ 490,000Required:A. How many units are in ending inventory?B. Using absorption costing, calculate the per-unit product cost. What is the value of ending inventory?C. Using variable costing, calculate the per-unit product cost. What is the value of ending inventory?D. Prepare an income statement using absorption costing. E. Prepare an income statement using variable costing

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Sales (14,000 units × $219 per unit) $ 3,066,000 Cost of goods sold Direct materials $ 350,000 Direc...

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