Problem 5-3 (Part Level Submission) Runner BBQ produces stainless steel propane gas grills. The company...
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Problem 5-3 (Part Level Submission) Runner BBQ produces stainless steel propane gas grills. The company has been in operation for 3 years, and sales have declined each year due to increased competition. The following information is available 2017 30,900 30,900 2018 27,900 30,900 2019 Total 25,800 84,600 22,800 84,600 Units sold Units produced Fixed production costs Variable production costs per unit Selling price per unit Fixed selling and administrative expense $30,900,000 $30,900,000 $30,900,000 $970 $2,443 $367,000 $970 $2,443 $367,000 $970 $2,443 $367,000 (a) Calculate profit and the value of ending inventory for each year under full costing. (Round cost per unit and final answer to O decimal places,e.g. 15.) 2017 2018 2019 Net profit Ending inventory
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