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• Beginning Inventory in Units = 0 • Units Produced = 6,000 • Units Sold = 5,200 • • • • Sales = $520,000 Material Cost (Unit Level/Variable) = $120,000 Variable Conversion Cost Used = $60,000 Fixed Manufacturing Cost (Facility Level) = $90,000 Indirect Operating Cost (Fixed) = $100,000 Question: What is the ending inventory under variable costing?

• Beginning Inventory in Units = 0 • Units Produced = 6,000 • Units Sold = 5,200 • • • • Sales = $520,000 Material Cost (Unit Level/Variable) = $120,000 Variable Conversion Cost Used = $60,000 Fixed Manufacturing Cost (Facility Level) = $90,000 Indirect Operating Cost (Fixed) = $100,000 Question: What is the ending inventory under variable costing?

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 = 6,000 • Units Sold = 5,200 • • • • Sales = $520,000 Material Cost (Unit Level/Variable) = $120,000 Variable Conversion Cost Used = $60,000 Fixed Manufacturing Cost (Facility Level) = $90,000 Indirect Operating Cost (Fixed) = $100,000 Question: What is the ending inventory under variable costing?
Transcribed Image Text:• Beginning Inventory in Units = 0 • Units Produced = 6,000 • Units Sold = 5,200 • • • • Sales = $520,000 Material Cost (Unit Level/Variable) = $120,000 Variable Conversion Cost Used = $60,000 Fixed Manufacturing Cost (Facility Level) = $90,000 Indirect Operating Cost (Fixed) = $100,000 Question: What is the ending inventory under variable costing?
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