Goodenough GmbH manufactures a single product. During the month of April, 18,000 units were sold for $320, while 19,800 units were produced. Their April variable costing income statement showed the following expenses: • Variable Cost of Goods Sold: $1,728,000 Variable Selling and Administrative: $460,800 • Fixed Manufacturing: $1,900,800 Fixed Selling and Administrative: $518,400 If April 1 inventory was 2,800 units, what is the value of the April 30 finished goods inventory under absorption costing? $

Goodenough GmbH manufactures a single product. During the month of April, 18,000 units were sold for $320, while 19,800 units were produced. Their April variable costing income statement showed the following expenses: • Variable Cost of Goods Sold: $1,728,000 Variable Selling and Administrative: $460,800 • Fixed Manufacturing: $1,900,800 Fixed Selling and Administrative: $518,400 If April 1 inventory was 2,800 units, what is the value of the April 30 finished goods inventory under absorption costing? $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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