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 ending inventory under variable costing? Show your complete solution.
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 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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![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 ending inventory under variable costing? Show your complete
solution.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F907ea902-6c57-44bd-a347-e7f3dfe2150f%2F4a0444fa-40c9-458b-8243-cbd35c544ac5%2F5yswjdi_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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 ending inventory under variable costing? Show your complete
solution.
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