Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: [Units sold Net sales Cost of goods manufactured: |Variable Fixed 70,000 60,000 Units manufactured P 1,400,000 | Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. P 98,000 140,000 none
Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: [Units sold Net sales Cost of goods manufactured: |Variable Fixed 70,000 60,000 Units manufactured P 1,400,000 | Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. P 98,000 140,000 none
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
What would be NUBD’s finished inventory cost at December 31, 2021 under the variable costing method?
![Information from NUBD Company's records for the year ended December 31, 2021 is
available as follows:
70,000
Units sold
Net sales
Cost of goods manufactured:
Variable
Fixed
60,000 Units manufactured
P 1,400,000 Operating expenses:
Variable
630,000 Fixed
315,000 FG Inventory, beg.
P 98,000
140,000
none](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F20d46fb6-eceb-44bc-a0ca-97e69df9f06c%2Fc80fbfe9-d41d-40be-8cef-ce145742e130%2Ffzoo9m6_processed.png&w=3840&q=75)
Transcribed Image Text:Information from NUBD Company's records for the year ended December 31, 2021 is
available as follows:
70,000
Units sold
Net sales
Cost of goods manufactured:
Variable
Fixed
60,000 Units manufactured
P 1,400,000 Operating expenses:
Variable
630,000 Fixed
315,000 FG Inventory, beg.
P 98,000
140,000
none
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