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The Following Information Pertains to Ball Company

Question 221

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The following information pertains to Ball Company:
The following information pertains to Ball Company:    39,800 units are sold during the year for $100 per unit. Required: a. What is the average manufacturing cost per unit? b. What is the amount of ending finished goods inventory? c. What is the amount of gross margin? 39,800 units are sold during the year for $100 per unit.
Required:
a. What is the average manufacturing cost per unit?
b. What is the amount of ending finished goods inventory?
c. What is the amount of gross margin?

Correct Answer:

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a. $2,400,000 / 40,000 = $60.0...

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