Mentor Corporation has provided the following information for the current year: Units produced Sale price Direct materials Direct labor Variable manufacturing overhead Fixed manufacturing overhead Variable selling and administrative costs Fixed selling and administrative costs Calculate the product cost per unit using absorption costing. Multiple Choice $125 $55 $145 3,500 units $ 200 per unit $ 70 per unit $ 55 per unit $ 20 per unit $ 350,000 per year $ 30 per unit $ 150,000 per year

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.