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Business, 12.04.2021 22:10 saltedcaramel60

Manufacturing has provided the following data for the previous year: Units sold during the previous year 12,000 units
Selling price per unit $250
Direct materials per unit $50
Direct manufacturing labor per unit $40
Variable manufacturing overhead per unit $80
Fixed manufacturing costs $300,000
Budgeted production at the beginning of the year 15,000 units
Variable marketing cost per unit $5
Fixed marketing cost: $25,000
Number of units in opening inventory: 0 units
Number of units in ending inventory: 3,000 units

Required:
What was the profit of Wood Products Inc. for the previous year if the method of inventory costing adopted was absorption costing?

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