duo company reports the following information for the current ye 281735

Duo Company reports the following information for the current year, which is its first year of operations.

Direct materials . . . . . . . . . . . . . . . . . . . . . . . . $15 per unit

Direct labor . . . . . . . . . . . . . . . . . . . . . . . . . . . $16 per unit

Overhead costs for the year

Variable overhead . . . . . . . . . . . . . . . . . . . . . . $ 80,000 per year

Fixed overhead . . . . . . . . . . . . . . . . . . . . . . . . $160,000 per year

Units produced this year . . . . . . . . . . . . . . . . . 20,000 units

Units sold this year . . . . . . . . . . . . . . . . . . . . . . 14,000 units

Ending finished goods inventory in units . . . . . 6,000 units

1. Compute the cost per unit of finished goods using absorption costing.

2. Compute the cost per unit of finished goods using variable costing.

3. Determine the cost of ending finished goods inventory using absorption costing.

4. Determine the cost of ending finished goods inventory using variable costing.