8. The Dotson Company began business on January 1, 2016. During the year, the company paid $120,000 for materials used in the production process and $300,000 in wages for the production workers. The rent and utilities of the manufacturing plant totaled $80,000. Selling costs amounted to $150,000. The company made 250,000 units and sold 210,000 units for $5 each. What was the company’s production cost per unit? |
Production cost per unit
= Total production cost/Units produced
= (120,000+300,000+80,000)/250,000
= 500,000 / 250,000
= 2 per unit
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8. The Dotson Company began business on January 1, 2016. During the year, the company paid...
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