Fact pattern 15-1a (questions 21–22 apply) damian owns a pick-up truck and a motorcycle. he sells the motorcycle to eden for $10,000. eden pays for the cycle with a check, knowing that she had insufficient funds in her account to cover the amount. a week later, damian files a petition in bankruptcy for relief through a liquidation. refer to fact pattern 15-1. regarding the sale of the cycle, the bankruptcy trustee can

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?