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Scott Manufacturing makes only one product with total unit manufacturing costs of $54, of which...

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Accounting

Scott Manufacturing makes only one product with total unit manufacturing costs of $54, of which $36 is variable. No units were on hand at the beginning of Year 1. During Year 1 and Year 2, the only product manufactured was sold for $84 per unit, and the cost structure did not change. Scott uses the first-in, first-out inventory method and has the following production and sales for Year 1 and Year 2:

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