Solution-Determine the cost per unit for the closing

Determine the cost per unit for the closing inventory

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Question - Jacky Ma Ltd sells a single product called Alibaba. During 2020, 10,000 units were produced and 9,500 units were sold. There was no work-in-process inventory on 31 December 2020, that is the financial year-end. The company uses an actual cost system for product costing, and actual costs for the year were as follows:

Details	$
Unit selling price	70.00
Unit manufacturing variable cost	25.00
Unit selling and distribution variable cost	5.00
Total manufacturing overheads	100,000
Total selling and distribution overheads	15,500

Required - Determine the cost per unit for the closing inventory using absorption costing?

Reference no: EM133157555

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Determine the cost per unit for the closing inventory

Reference no: EM133157555

Reference no: EM133157555

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