QI. (10+10) A. The following information pertains to Iqbal inc for previous year. Use this...
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QI. (10+10) A. The following information pertains to Iqbal inc for previous year. Use this information to calculate the required. Beginning inventory (Units) 7000 Units produced 25000 Units sold 26000 Cost per unit: Direct matcrial $9.15 Dincct Labour 3.76 Variable Overhead Fixed Overhead 3.7 Variable selling expenses 3.00 Fixed Selling and admin expenses 15700 1. Calculate the cost of onc unit of product under absorption costing. 2. Calculate the cast of one unit of product under variable costing. 3. How many units are in ending inventory 4. Calcalate the cost of ending inventory under ithsorption costing. 5. Calculate the cost of ending inventory under variable dating
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