QUESTIONSA.Compute for the ending Finished Goods Inventory under Absorption costingB.Compute for the ending Finished Goods Inventory under Absorption costing Units soldUnits producedFixed manufacturing overheadVariable manufacturing overheadFixed selling and administrative expensesVariable selling and administrative expensesDirect materials usedDirect laborInventory, beginning in unitsNo work in process inventories2,0002,200P 44,00012,00018,00010,00030,00024,000100

Finished goods are those goods which are ready to sale by the company and no further processes are…

Answered: A.Compute for the ending Finished Goods…

A.Compute for the ending Finished Goods Inventory under Absorption costing B.Compute for the ending Finished Goods Inventory under Absorption costing

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

QUESTIONS

A.Compute for the ending Finished Goods Inventory under Absorption costing

B.Compute for the ending Finished Goods Inventory under Absorption costing

Units sold
Units produced
Fixed manufacturing overhead
Variable manufacturing overhead
Fixed selling and administrative expenses
Variable selling and administrative expenses
Direct materials used
Direct labor
Inventory, beginning in units
No work in process inventories
2,000
2,200
P 44,000
12,000
18,000
10,000
30,000
24,000
100

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