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Columbia Corporation produces a single product. The companys variable costing income statement for November appears below: C

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Answer #1

Sales unit = 858000/20 = 42900 units

Ending inventory = 8290+35290-42900 = 680 units

Variable cost per unit =514800/42900 = 12 per unit

Fixed cost per unit =105870 / 35290 = 3 per unit

Total manufacturing cost per unit under absorption costing =(12+3)=15 per unit

Ending inventory 680*15 = $10,200

Company would report a Ending inventory of $10,200.

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