In 2019, Barry Grey Inc. sold 49,000 units at a selling price of $38 per unit. The company manufactured 68,000 units. Variable manufacturing costs were $11 per unit manufactured. Fixed manufacturing costs amounted to $338,000. Variable marketing costs were $15 per unit sold, and the budgeted and actual fixed marketing costs were $31,000. Other fixed operating expenses amounted to $ 22,000. Calculate the company's 2019 operating income using absorption costing. revenue? Begining inventory? Cost of goods manufactured?

In 2019, Barry Grey Inc. sold 49,000 units at a selling price of $38 per unit. The company manufactured 68,000 units. Variable manufacturing costs were $11 per unit manufactured. Fixed manufacturing costs amounted to $338,000. Variable marketing costs were $15 per unit sold, and the budgeted and actual fixed marketing costs were $31,000. Other fixed operating expenses amounted to $ 22,000. Calculate the company's 2019 operating income using absorption costing. revenue? Begining inventory? Cost of goods manufactured?

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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