Amanufacturing 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 8,900
units sold 8,500
units in ending inventory 400
variable costs per unit:
direct materials $ 26
direct labor $ 25
variable manufacturing overhead $ 4
variable selling and administrative expense $ 4
fixed costs:
fixed manufacturing overhead $ 249,200
fixed selling and administrative expense $ 17,000
what is the variable costing unit product cost for the month?
$59 per unit
$55 per unit
$87 per unit

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.