Affinity makes a single product, pool pumps.Information for 2017 appears below (Assume the same unit costs in all years): $\begin{array}{lr}
\text { Sales in units } & 5,800 \
\text { Production in units } & 6,200 \
\text { Beginning inventory } & 1,500 \
\text { Variable production cost per unit } & \$ 46.00 \
\text { Variable selling cost per unit } & \$ 6.00 \
\text { Fixed production cost per year } & \$ 31,000 \
\text { Fixed selling and administrative cost per year } & \$ 24,000 \
\text { Selling price per unit } & \$ 75.00
\end{array}$ How much is the full cost per unit of inventory?
A)$46.00
B)$51.00
C)$57.00
D)$52.00

Question

Quizplus · Accepted Answer

Full cost per unit of inventory = Variable production cost per unit + Fixed production cost per unit= $46.00 + $31,000 / 6,200= $46.00 + $5.00= $51.00

Affinity Makes a Single Product, Pool Pumps How Much Is the Full Cost Per Unit of Inventory