Inventory Valuation under Absorption CostingDuring the most recent year, Judson Company had the following data associated with the product it makes:Units in beginning inventory 300Units produced 14,200Units sold ($300 per unit) 12,700Variable costs per unit: Direct materials $20Direct labor $60Variable overhead $13Fixed costs: Fixed overhead per unit produced $30Fixed selling and administrative $140,000Required:1. How many units are in ending inventory?2. Using absorption costing, calculate the per-unit product cost.3. What is the value of ending inventory under absorption costing?

Instructions are below.

Explanation:

Giving the following information:

Units in beginning inventory 300

Units produced 14,200

Units sold ($300 per unit) 12,700

Variable costs per unit:

Direct materials $20

Direct labor $60

Variable overhead $13

Fixed costs:

Fixed overhead per unit produced $30

Fixed selling and administrative $140,000

1) Ending inventory= units produced + beginning inventory - units sold

Ending inventory= 14,200 + 300 - 12,700

Ending inventory= 1,800

2) The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.

Unit product cost= 20 + 60 + 13 + 30

Unit product cost= $123

3) Ending inventory= 1,800*123= $221,400

account balance book uk

answer; is the sum of all individual demands curves;