ACCT 505 Course Great Wisdom / tutorialrank.com ACCT 505 Course Great Wisdom / tutorialrank.com | Page 20

(TCO E) Lehne Company, which has only one product, has provided
the following data concerning its most recent month of operations:
Selling price
$ 125
Units in beginning inventory
600
Units oroduced
3000
Units sold
3500
Units in ending inventory
100
Variable costs per unit:
Direct materials
$ 15
Direct labor
$ 50
Variable manufacturing overhead
$8
Variable selling and admin