Beginning inventory in units 300 Units produced 8,000 Units sold 7,800 Sales $585,000 Material cost (unit level or variable) $160,000 Variable conversion cost used (Committed) $80,000 Facility-level or fixed manufacturing cost $120,000 Indirect operating costs (fixed) $70,000 The absorption cost of goods sold is: A. $351,000 B. $240,000 C. $351,750 D. $430,000

Beginning inventory in units 300 Units produced 8,000 Units sold 7,800 Sales $585,000 Material cost (unit level or variable) $160,000 Variable conversion cost used (Committed) $80,000 Facility-level or fixed manufacturing cost $120,000 Indirect operating costs (fixed) $70,000 The absorption cost of goods sold is: A. $351,000 B. $240,000 C. $351,750 D. $430,000

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter12: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 12.16E: Product cost concept of product pricing Based on the data presented in Exercise 12-15, assume that...

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