Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit Per Year $ 200 $ 73 $ 50 $ 11 $8 $ 300,000 Using variable costing, what is the cost of the company's ending inventory?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations:
Selling price
Direct materials
Direct labor
Variable manufacturing overhead
Sales commission
Fixed manufacturing overhead
Per Unit Per Year
$ 200
$ 73
$ 50
$ 11
$ 8
$ 300,000
Using variable costing, what is the cost of the company's ending inventory?
Transcribed Image Text:Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Selling price Direct materials Direct labor Variable manufacturing overhead Sales commission Fixed manufacturing overhead Per Unit Per Year $ 200 $ 73 $ 50 $ 11 $ 8 $ 300,000 Using variable costing, what is the cost of the company's ending inventory?
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