ASTRA Company used the perpetual inventory system. The following information has been extracted from the records about one product.     Units Unit Cost Total Cost Jan 1 Beginning Balance 8,000 70 560,000 Jan 6 Purchase 3,000 70.50 211,500 Feb 5 Sale 10,000     Mar 5 Purchase 11,000 73.50 808,500 April 10 Sale 6,000     If the FIFO cost flow method is used, what is the cost of the inventory on April 30?

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Overheads

In cost accounting, overhead refers to those expenses which occur during the operating of a business. Overhead includes the fixed, variable, or semi-variable which is not directly involved with a company product or service. It is very important to analyze overhead expense as it helps the company in determining how much a company must charge for its products and services so that they can generate profit.  Overhead expenses depend upon the nature of the business operations.