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Business
Accounting
Beginning inventory in units 0 Units produced 4,800 Units sold Sales 4,000 $400,000 Material cost (unit level or variable) Variable conversion cost used (Committed) $48,000 $96,000 Facility-level or fixed manufacturing cost $72,000 Indirect operating costs (fixed) $80,000 The absorption cost of goods sold is: A. $246,667 B. $120,000 C. $180,000 D. $40,000

Beginning inventory in units 0 Units produced 4,800 Units sold Sales 4,000 $400,000 Material cost (unit level or variable) Variable conversion cost used (Committed) $48,000 $96,000 Facility-level or fixed manufacturing cost $72,000 Indirect operating costs (fixed) $80,000 The absorption cost of goods sold is: A. $246,667 B. $120,000 C. $180,000 D. $40,000

FINANCIAL ACCOUNTING
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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Beginning inventory in units 0 Units produced 4,800 Units sold Sales 4,000 $400,000 Material cost (unit level or variable) Variable conversion cost used (Committed) $48,000 $96,000 Facility-level or fixed manufacturing cost $72,000 Indirect operating costs (fixed) $80,000 The absorption cost of goods sold is: A. $246,667 B. $120,000 C. $180,000 D. $40,000
Transcribed Image Text:Beginning inventory in units 0 Units produced 4,800 Units sold Sales 4,000 $400,000 Material cost (unit level or variable) Variable conversion cost used (Committed) $48,000 $96,000 Facility-level or fixed manufacturing cost $72,000 Indirect operating costs (fixed) $80,000 The absorption cost of goods sold is: A. $246,667 B. $120,000 C. $180,000 D. $40,000
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