Computing inventory balancesZeng Company reports the following data:Calculate the product cost per unit and the total cost of the 1,600 units in ending inventory using absorption costing and variable costing. Finished Goods Inventory:Beginning balance, in units300Units produced2,900Units sold(1,600)Ending balance, in units1,600Production Costs:Variable manufacturing costs per unit$ 57Total fixed manufacturing costs26,100

Name: Computing inventory balancesZeng Company reports the following data:Ca
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Description: Computing inventory balancesZeng Company reports the following data:Calculate the product cost per unit and the total cost of the 1,600 units in ending inventory using absorption costing and variable costing. Finished Goods Inventory:Beginning balanc

Workings: calculation of fixed cost per unit = total fixed manufacturing costs / units produced. =…

Business

Accounting

Finished Goods Inventory: Beginning balance, in units 300 Units produced 2,900 Units sold (1,600) Ending balance, in units 1,600 Production Costs: Variable manufacturing costs per unit $ 57 Total fixed manufacturing costs 26,100

Finished Goods Inventory: Beginning balance, in units 300 Units produced 2,900 Units sold (1,600) Ending balance, in units 1,600 Production Costs: Variable manufacturing costs per unit $ 57 Total fixed manufacturing costs 26,100

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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