Rox Corp planned and actually produced 100,000 units of its only product in 2021, its first year of operations. Variable production cost was P60 per unit of product. Planned and actual fixed production costs was P800,000 and marketing and administrative costs totaled P500,000 in 2021. Rox Corporation sold 80,000 units of the product in 2021 at a selling price of P80 per unit What is the cost of the ending inventory assuming variable costing is used?

Rox Corp planned and actually produced 100,000 units of its only product in 2021, its first year of operations. Variable production cost was P60 per unit of product. Planned and actual fixed production costs was P800,000 and marketing and administrative costs totaled P500,000 in 2021. Rox Corporation sold 80,000 units of the product in 2021 at a selling price of P80 per unit What is the cost of the ending inventory assuming variable costing is used?

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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