Nimocks Inc., which produces a single product, has provided the following data for its most recent month of operation: 
The company had no beginning or ending inventories.
Required:
a. Compute the unit product cost under absorption costing. Show your work!
b. Compute the unit product cost under variable costing. Show your work!
Definitions:
Acquired Firm
A company that has been purchased and absorbed by another entity.
Going-Private Transaction
A process in which a publicly traded company is transformed into a privately held entity, often through a buyout from private investors.
Bidding Firm
A company that proposes a financial offer in an attempt to acquire another company or win a contract.
Board of Directors
A group of individuals elected by the shareholders of a corporation to oversee the management and make major decisions affecting the company's policies and strategies.
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