How many units remain in ending inventory

Reference no: EM133611060

Case: Variable Costing, Value of Ending Inventory, Operating Income

Pattison Products, Inc., began operations in October and manufactured 44,000 units during the month with the following unit costs:

Direct materials $4.50
Direct labor 2.50
Variable overhead 1.25
Fixed overhead* 6.50
Variable marketing cost 0.95
* Fixed overhead per unit = $286,000 / 44,000 units produced = $6.50

Total fixed factory overhead is $286,000 per month. During October, 42,800 units were sold at a price of $24.25, and fixed marketing and administrative expenses were $111,800.

Required:

Question Content Area

1. Calculate the cost of each unit using variable costing. Round your final answer to the nearest cent.

$fill in the blank 05fd82f3400000d_1 per unit

2. How many units remain in ending inventory?
fill in the blank 05fd82f3400000d_2 units

What is the cost of ending inventory using variable costing?

Reference no: EM133611060

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