Average manufacturing cost per unit, ending finished goods inventory, gross margin.
The following information pertains to Ball Company:
|
Manufacturing costs
|
$2,400,000
|
|
Units manufactured
|
40,000
|
|
Beginning inventory
|
0 units
|
39,800 units are sold during the year for $100 per unit.
a) What is the average manufacturing cost per unit?
b) What is the amount of ending finished goods inventory?
c) What is the amount of gross margin?