Inspection costs at one of Lisa Corporation's factories are listed below:        Units Produced Inspection Cost   February​ 905 $16,212   March​ 949 $16,600   April​ 911 $16,265   May​ 895 $16,110   June​ 917 $16,294   July​ 902 $16,180   August​ 919 $16,332   September​ 859 $15,760   October​ 898 $16,138   Management believes that inspection cost is a mixed cost that depends on units produced.   Show all calculations:   A) Using the high-low method, calculate the estimate of the variable component of inspection cost per unit produced    B) Using the high-low method, calculate the estimate of the fixed component of inspection cost per month      C)State the formula in the form Y = a + bX     D) Using the high-low method, calculate the estimate of the total inspection cost if projected units produced for November are 980.

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.