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E-Trax,Inc What Is the Unit Product Cost for the Year Using

question 85

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E-trax,Inc.has provided the following financial information for the year:  Finished Goods Inventory:  Beginning balance, in units 610 Units produced 2,800 Units sold 2,900 Ending balance, in units 510 Production costs:  Nariable manufacturing costs per  unit $50 Total fixed manufacturing costs $42,000\begin{array} { | l | r | } \hline \text { Finished Goods Inventory: } & \\\hline \text { Beginning balance, in units } & 610 \\\hline \text { Units produced } & 2,800 \\\hline \text { Units sold } & \underline { 2,900 } \\\hline \text { Ending balance, in units } & \underline { 510 } \\\hline \text { Production costs: } \\\hline \begin{array} { l } \text { Nariable manufacturing costs per } \\\text { unit }\end{array} & \$ 50 \\\hline \text { Total fixed manufacturing costs } & \$ 42,000 \\\hline\end{array} What is the unit product cost for the year using absorption costing?

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Definitions:

Amino Acids

Organic compounds that serve as the building blocks of proteins, containing both an amino group and a carboxyl group.

Double Covalent Bonds

Chemical bonds formed by the sharing of two pairs of electrons between two atoms, creating a strong link in the molecule structure.

Fatty Acid

Organic compounds consisting of a hydrocarbon chain and a terminal carboxyl group, important components of lipids in the body such as fats and oils, playing key roles in energy storage and cell structure.

Carbon Chain

A series of carbon atoms linked together, which can be straight, branched, or arranged in rings, forming the backbone of organic molecules.

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