Fortran Industries produces burner elements for stoves.Each element sells for $20,and the company sells approximately 2,000,000 elements each year.Unit cost data for the year follows: 
The unit cost of an element for variable costing inventory purposes is:
Definitions:
Customer Lists
A comprehensive collection of information about customers, including contact details, preferences, and purchase history, used for marketing and customer relationship management.
Intangible Assets
Assets that lack physical substance, such as patents, trademarks, goodwill, and copyrights, having value due to the rights and advantages they provide to a business.
Tangible Assets
Physical assets that have a concrete form, such as buildings, machinery, vehicles, and inventory.
Prospective Buyer
A potential customer who has demonstrated interest in purchasing a product or service, but has not yet completed the transaction.
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