Erie Company manufactures a single product. Assume the following data for the year just completed: There were no units in inventory at the beginning of the year. During the year 30,000 units were produced and 25,000 units were sold. Each unit sells for $35.
-Under absorption costing, the unit product cost would be:
A) $8.00
B) $17.75
C) $13.00
D) $10.75

Question

Erie Company manufactures a single product. Assume the following data for the year just completed:  There were no units in inventory at the beginning of the year. During the year 30,000 units were produced and 25,000 units were sold. Each unit sells for $35.
-Under absorption costing, the unit product cost would be:
A) $8.00 
B) $17.75 
C) $13.00 
D) $10.75

Quizplus · Accepted Answer

The Answer of Erie Company manufactures a single product. Assume the following data for the year just completed:  There were no units in inventory at the beginning of the year. During the year 30,000 units were produced and 25,000 units were sold. Each unit sells for $35.
-Under absorption costing, the unit product cost would be:
A) $8.00 
B) $17.75 
C) $13.00 
D) $10.75

Erie Company Manufactures a Single Product