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Accustart Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on th...

Accustart Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first 3 years of business is as follows:
2017 2018 2019 Total
Units sold 4,650 4,650 4,650 13,950
Units produced 4,650 5,580 3,720 13,950
Fixed production costs $62,496 $62,496 $62,496
Variable production costs per unit $78 $78 $78
Selling price per unit $229 $229 $229
Fixed selling and administrative expense $4,700 $4,700 $4,700

Collapse question part

(a)

Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.)
2017 2018 2019
Cost per unit $

$

$

Net profit $

$

$

Ending inventory $

$

$

Accustart Stage Supplies is a manufacturer of a specialized type of light used in theaters. Information on the first 3 years of business is as follows: 2017 2018 2019 Total Units sold 4,650 4,650 4,650 13,950 Units produced 4,650 5,580 3,720 13,950 Fixed production costs $62,496 $62,496 $62,496 Variable production costs per unit $78 $78 $78 Selling price per unit $229 $229 $229 Fixed selling and administrative expense $4,700 $4,700 $4,700 Collapse question part (a) Calculate profit and the value of ending inventory for each year using full costing. (Round cost per unit to 2 decimal places, e.g. 15.25 and other answers to 0 decimal places, e.g. 125.) 2017 2018 2019 Cost per unit $ $ $ Net profit $ $ $ Ending inventory $ $ $

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Answer #1
Particular 2017 2018 2019
Variable Production cost $ 78 $ 78 $ 78
Fixed cost per unit (Fixed cost/Units produced) $ 13.44 $ 11.20 $ 16.8
Product Cost per unit $ 91.44 $ 89.20 $ 94.8
Selling and administrative expense [$ 4,700/4,650] $ 1.01 $ 1.01 $ 1.01
Cost per unit $ 92.45 $ 90.21 $ 95.81

** Weighted Average Cost per unit for 2019 =  $ 90.21* 930 + 3720 * $ 95.81 = $ 94.69

Particular 2017 2018 2019
Cost per unit $ 92.45 $ 90.21 $ 94.69**
Net Profit ($ 229 - Cost per unit) No of unit sold $ 634,954 $ 645,370 $ 624,538
Ending Inventory ( Ending inventory * Product Costs) $ 0 930 * $ 89.20 = $ 82,956 $ 0
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