Kray Incorporated, which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 5,700 Variable costs per unit: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead. $ 495,900 Fixed selling and administrative expense $ 410,400 There were no beginning or ending inventories. The variable costing unit product cost was: $30 $ 23 $ 14 $ 3

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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.