Q1) Information pertains to Ball Company given below:
| Manufacturing costs |
$2,400,000 |
| Units manufactured |
40,000 |
| Beginning inventory |
0 units |
39,800 units are sold in the year for $100 per unit.
a) Compute the average manufacturing cost per unit?
b) Determine amount of ending finished goods inventory?
c) Compute amount of gross margin?