Lorillard Corporation has the following information for Apri…
Lorillard Corporation has the following information for April, May, and June of the current year: April May June Units produced 12,500 12,500 12,500 Units sold 8,750 10,625 13,125 Production costs per unit (based on 12,500 units) are as follows: Direct materials $15.00 Direct labor 10.00 Variable factory overhead 7.50 Fixed factory overhead 5.00 Variable selling and admin. expenses 12.50 Fixed selling and admin. expenses 5.00 There were no beginning inventories for April of the current year, and all units were sold for $50. Costs are stable over the three months. What is the April ending inventory for Lorillard Corporation using the variable-costing method?