Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 23

Inventory Valuation under Absorption and Variable Costing with Decrease in Ending Inventory
The following information pertains to Chacon Inc. for last year:
Required:
1. Calculate the cost of one unit of product under absorption costing.
2. Calculate the cost of one unit of product under variable costing.
3. How many units are in ending inventory
4. Calculate the cost of ending inventory under absorption costing.
5. Calculate the cost of ending inventory under variable costing.