Octagonal Company has the following information for 2018: Selling price Variable production costs $150 per unit $40 per unit produced Variable selling and admin. expenses $16 per unit sold Fixed production costs $200,000 Fixed selling and admin. expenses $140,000 Units produced 10,000 units Units sold 8,000 units There were no beginning inventories. What is the cost of ending inventory for Octagonal using the variable costing method?

Octagonal Company has the following information for 2018: Selling price Variable production costs $150 per unit $40 per unit produced Variable selling and admin. expenses $16 per unit sold Fixed production costs $200,000 Fixed selling and admin. expenses $140,000 Units produced 10,000 units Units sold 8,000 units There were no beginning inventories. What is the cost of ending inventory for Octagonal using the variable costing method?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 13PA: Grainger Company produces only one product and sells that product for $100 per unit. Cost...

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