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Manufacturer of a specialized type of light

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Problem: Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theater. Information on the first three years of business is as follows:

 

2014

2015

2016

Total

Units sold

4,450

4,450

4,450

13,350

Units produced

4,50

5,340

3,560

13,350

Fixed production costs

$53,400

$53,400

$53,400

 

Variable production costs per unit

$72.00

$72.00

$72.00

 

Selling price per unit

$220

$220

$220

 

Fixed selling and administrative expense

$224,900

$224,900

$224,900

 

Calculate cost per unit, profit and value of ending inventory of each year using full costing.

Reference no: EM13860922

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