eAssignmentMain.dofinvoker assignments&takeAssignmentSessionlocator; assign ment

Question

eAssignmentMain.dofinvoker assignments&takeAssignmentSessionlocator; assign ment-take&kinprogress-false; eBook During the most recent year, Judson Company had the following data Units in beginning inventory Units produced Units sold ($300 per unit) Variable costs per unit: Video Calculator associated with the product it makes: 300 15,900 12,700 Direct materials Direct labor Variable overhead $20 $60 $13 Fixed costs: Fixed overhead per unit produced $30 Fixed selling and administrative $140,000 Required 1. How many units are in ending inventory? 3,500us 2. Using absorption costing, calculate the per-unit product cost. per unit 3. What is the value of ending inventory under absorption costing? Previous Check My Work 4o

Explanation / Answer

PART-1) Solution: $3,500

Working: Units Ending Inventory= Units Beginning Inventory+Units Produced-Units Sold

= 300 + 15,900 - 12,700

= 3,500

PART-2) Solution: $123 per unit

Working: Direct materials $20 + Direct labor $60 + Variable overhead $13 + Fixed overhead $30 =

Unit product cost $123

PART-3) Solution: $430,500

Working:

Ending Inventory=Units Ending Inventory * Absorption Unit Product Cost

Value of Ending Inventory = 3500 * $123 = $430,500

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