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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Question
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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