A manufacturing company that produces a single product has provided the following data concerning its most recent month of operations:
|
Units in beginning inventory
|
0
|
|
Units produced
|
7,300
|
|
Units sold
|
7,200
|
|
Units in ending inventory
|
100
|
| |
|
|
Variable costs per unit:
|
|
|
Direct materials
|
$29
|
|
Direct labor
|
$49
|
|
Variable manufacturing overhead
|
$5
|
|
Variable selling and administrative
|
$4
|
|
Fixed costs:
|
|
|
Fixed manufacturing overhead
|
$94,900
|
|
Fixed selling and administrative
|
$79,200
|
What is the absorption costing unit product cost for the month?
$96 per unit
$87 per unit
$83 per unit
$100 per unit