Bonita Company produced 10,200 units during the past year but sold only 8,700 of the units. The following additional information isalso available:Direct materials usedDirect labour incurredVariable manufacturing overheadFixed manufacturing overheadFixed selling and administrative expensesVariable selling and administrative expenses$88,74034,17022,44046,410(a)69,40010,200There was no work in process inventory at the beginning of the year. Bonita did not have any beginning finished goods inventory either.Calculate Bonita Company's finished goods inventory cost on December 31 under variable costing. (Round per unit calculations to 2decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)

Lets understand the basics.Income statement under costing can be prepared using either,(1) Variable…

Bonita Company produced 10,200 units during the past year but sold only 8,700 of the units. The following additional information is also available: Direct materials used Direct labour incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $88,740 34,170 22,440 46,410 69,400 10,200 There was no work in process inventory at the beginning of the year. Bonita did not have any beginning finished goods inventory either.

Bonita Company produced 10,200 units during the past year but sold only 8,700 of the units. The following additional information is also available: Direct materials used Direct labour incurred Variable manufacturing overhead Fixed manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses $88,740 34,170 22,440 46,410 69,400 10,200 There was no work in process inventory at the beginning of the year. Bonita did not have any beginning finished goods inventory either.

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Question

Bonita Company produced 10,200 units during the past year but sold only 8,700 of the units. The following additional information is
also available:
Direct materials used
Direct labour incurred
Variable manufacturing overhead
Fixed manufacturing overhead
Fixed selling and administrative expenses
Variable selling and administrative expenses
$88,740
34,170
22,440
46,410
(a)
69,400
10,200
There was no work in process inventory at the beginning of the year. Bonita did not have any beginning finished goods inventory either.
Calculate Bonita Company's finished goods inventory cost on December 31 under variable costing. (Round per unit calculations to 2
decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.)

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