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Current Attempt in Progress Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. Ending inventory under variable costing is O $500000. o $1900000. $900000. O $380000. eTextbook and Media

Current Attempt in Progress Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. Ending inventory under variable costing is O $500000. o $1900000. $900000. O $380000. eTextbook and Media

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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Current Attempt in Progress Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. Ending inventory under variable costing is O $500000. o $1900000. $900000. O $380000. eTextbook and Media
Transcribed Image Text:Current Attempt in Progress Sunland Company sells its product for $90 per unit. During 2019, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead and $90000 selling and administrative expenses. Ending inventory under variable costing is O $500000. o $1900000. $900000. O $380000. eTextbook and Media
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