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Average manufacturing cost per unit, ending finished goods inventory, gross margin.
The following information pertains to Ball Company:
Manufacturing costs
$2,400,000
Units manufactured
40,000
Beginning inventory
0 units
39,800 units are sold during the year for $100 per unit.
a) What is the average manufacturing cost per unit?
b) What is the amount of ending finished goods inventory?
c) What is the amount of gross margin?
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Purpose Direct materials Price Variance Efficiency variance and Labor rate variance Labor Efficiency Variance and pass necessary comments.
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