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Question - Zhi Company produces wrist watches and sells them at $95 per unit. In 2021, 48076 watches were produced and 37687 were sold. Other information for the year includes:
Direct materials $40 per unit
Direct manufacturing labour $9.79 per unit
Variable manufacturing costs $3.30 per unit
Sales commissions $12.65 per part
Fixed manufacturing costs $60.74 per unit
Administrative expenses, all fixed $39.23 per unit
Required - What is the inventoriable cost per unit of watch using absorption costing method?
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