Given the following data. Beginning Inventory in Units - 0 Units produced - 12,700 Units Sold 11,300 Sales $400,000 - Material Cost (unit level/variable) - $104,000 Variable Conversion Cost Used - $52,000 Fixed Manufacturing Cost (Facility Level) - $65,000 Indirect Operating Cost (fixed) - $83,000 What is the ending inventory under variable costing? Show your complete solution.

Given the following data. Beginning Inventory in Units - 0 Units produced - 12,700 Units Sold 11,300 Sales $400,000 - Material Cost (unit level/variable) - $104,000 Variable Conversion Cost Used - $52,000 Fixed Manufacturing Cost (Facility Level) - $65,000 Indirect Operating Cost (fixed) - $83,000 What is the ending inventory under variable costing? Show your complete solution.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 31BEB: Inventory Valuation under Variable Costing Refer to the data for Pelham Company on the previous...

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