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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