Alpha Company provides the

following information for their first year of operations in 2016:

            Sales, 5,000 units @ $10 each

            Total production, 7,500 units

            Selling and administrative costs:

         Fixed                 $1,000

                     Variable                       $1 per unit

            Production costs per unit:

         Direct materials            $2.00

                     Direct labor                   $2.00

                     Variable overhead        $1.00

            Fixed manufacturing overhead       $7,500

Alpha Company uses absorption costing. Use this information to determine for Alpha Company the FY 2016: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

1. Cost of Goods Sold

2. Net Income

3. Cost of Ending Inventory

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