See attached file.
Sprint Shoes, Inc. had a beginning inventory of 9,000 units on January 1, 2007. The costs associated with the inventory were:
Materials: $13 per unit
Labor: $8 per unit
Overhead: $6.10 per unit
During 2007, the firm produced 42,500 units with the following costs:
Labor: $7.80 per unit
Overhead: $8.30 per unit
Find attached, a fully formatted MS Excel spreadsheet containing the solution for the Sprint Shoes, Inc. inventory control exercise.