Allied Company Showed the Following Costs for Last Month Last Month,Allied Produced and Sold 20,000 Units at a Sales

Essay

Allied Company showed the following costs for last month. $$\begin{array} { l r } \text { Direct materials } & \$ 40,000 \\\text { Direct labour } & 35,000 \\\text { Overhead } & 52,000 \\\text { Selling expense } & 17,000 \\\text { Administrative expense } & 12,000\end{array}$$ Last month,Allied produced and sold 20,000 units at a sales price per unit of $18.Assume no beginning or ending inventory balances for work in process and finished goods inventory.
Required: Solve for the following amounts. A. $\quad$ total product cost for last month
B. $\quad$ unit product cost for last month
C. $\quad$ total period costs
D. $\quad$ gross margin for last month
E. $\quad$ operating income for last month