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The Goods in Process Inventory account for the AB Corp. follows: Goods in Process Inventory...

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Accounting

The Goods in Process Inventory account for the AB Corp. follows:

Goods in Process Inventory Beginning balance 9,000

Direct materials 78,600

Direct labor 52,100

Finshed goods (?)

Applied overhead 27,800

Ending balance 16,400

The cost of units transferred to finished goods is:

$167,500

$183,900

$151,100

$165,900

$158,500

2. A company's product sells at $36 per unit and has a $17 per unit variable cost.

The contribution margin per unit is:

$53.00

$6.47

$36.00

$17.00

$19.00

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