Given the following data. Beginning Inventory in Units: 0 Units Produced: 5,000 Units Sold: 4,200 Sales: $420,000 Material Cost (unit-level/variable): $100,000 Variable Conversion Cost Used: $60,000 Fixed Manufacturing Cost (Facility Level): $80,000 Indirect Operating Cost (Fixed): $90,000 What is the ending inventory under variable costing? Show your complete solution.

Given the following data. Beginning Inventory in Units: 0 Units Produced: 5,000 Units Sold: 4,200 Sales: $420,000 Material Cost (unit-level/variable): $100,000 Variable Conversion Cost Used: $60,000 Fixed Manufacturing Cost (Facility Level): $80,000 Indirect Operating Cost (Fixed): $90,000 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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