Given the following data: Beginning Inventory in Units – 0 Units produced – 14,200 - Units Sold 12,600 - Sales $450,000 - - Material Cost (unit level/variable) - $118,000 Variable Conversion Cost Used - $61,000 - Fixed Manufacturing Cost (Facility Level) – $70,000 Indirect Operating Cost (fixed) – $90,000 What is the ending inventory under variable costing? Show your complete solution.

Given the following data: Beginning Inventory in Units – 0 Units produced – 14,200 - Units Sold 12,600 - Sales $450,000 - - Material Cost (unit level/variable) - $118,000 Variable Conversion Cost Used - $61,000 - Fixed Manufacturing Cost (Facility Level) – $70,000 Indirect Operating Cost (fixed) – $90,000 What is the ending inventory under variable costing? Show your complete solution.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 28P: The following information pertains to Vladamir, Inc., for last year: There are no work-in-process...

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