Problem: Hamilton Stage Supplies is a manufacturer of a specialized type of light used in theater. Information on the first three years of business is as follows:
|
|
2014
|
2015
|
2016
|
Total
|
|
Units sold
|
4,450
|
4,450
|
4,450
|
13,350
|
|
Units produced
|
4,50
|
5,340
|
3,560
|
13,350
|
|
Fixed production costs
|
$53,400
|
$53,400
|
$53,400
|
|
|
Variable production costs per unit
|
$72.00
|
$72.00
|
$72.00
|
|
|
Selling price per unit
|
$220
|
$220
|
$220
|
|
|
Fixed selling and administrative expense
|
$224,900
|
$224,900
|
$224,900
|
|
Calculate cost per unit, profit and value of ending inventory of each year using full costing.