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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Subject:- General Account Use the following data: Beginning inventory in units Units produced Units sold Sales Material cost (unit level/variable) 0 4,800 4,000 $ 4,00,000 $ 96,000 Variable conversion cost used $ 48,000 Fixed manufacturing cost (Facility Level) $ 72,000 Indirect operating cost (fixed) $ 80,000 a. What is the cost of goods sold under variable costing? b. What is the cost of goods sold under absorption costing? c. What is the operating income under variable costing? d. What is the operating income under absorption costing?
Question:234 Given the following data. Beginning Inventory in Units - 0 Units produced - 4,800 Units Sold 4,000 Sales $400,000 Material Cost (unit level/variable) - $96,000 Variable Conversion Cost Used - $48,000 Fixed Manufacturing Cost (Facility Level) - $72,000 Indirect Operating Cost (fixed) - $80,000 What is the difference between the variable costing ending inventory cost and the absorption costing ending inventory cost? Show your complete solution.
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Byron Company has five products in its inventory and uses the FIFO cost flow assumption. Specific data for each product are as follows: Product Cost Selling Price Estimated Cost of Disposal A $90,000 $150,000 $20,000 B 110,000 120,000 15,000 C 60,000 70,000 5,000 D 100,000 115,000 5,000
The carrying value of ending inventory under variable costing would be: present as is if higher or present it in comma if it is less ex: (200) Under absorption costing, the cost of goods sold would be:
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