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During the year, the company produced 25,000 units and sold 20,000 units. The selling price of the company's product was $50 per unit.
1. Assume that the company uses absorption costing method.
Question (a) Compute the unit product cost.
Total product using absorption costing
= DL+ DM + VMOH + FMOH
= $9+$6 +$ 3+ $300,000
= $300, 018
$300 018/251000
= $12. 00072
Question (b) Prepare the income statement for the year.
Attachment:- unit product cost.rar
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