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Advanced Company reports the following information for the current year. All beginning inventory amounts equaled...

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Accounting

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year 105,000 units

Units sold this year 63,000 units

Direct materials $ 8.75 per unit

Direct labor $ 9.75 per unit

Variable overhead $ 708,750 in total

Fixed overhead $ 918,750 in total

Given Advanced Company's data, compute cost per unit of finished goods under absorption costing.

A.$42.75

B.$34.00

C.$8.75

D.$9.75

E.$29.75

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