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Sanders Company has the following information for last year: Selling price $190 per unit Variable production costs $52 per unit produced Variable selling and admin. expenses $18 per unit sold Fixed production costs $240,000 Fixed selling and admin. expenses $180,000 Units produced 12,000 Units sold 7,000 There were no beginning inventories. What is the value of ending inventory for Sanders using the absorption costing method?

Sanders Company has the following information for last year: Selling price $190 per unit Variable production costs $52 per unit produced Variable selling and admin. expenses $18 per unit sold Fixed production costs $240,000 Fixed selling and admin. expenses $180,000 Units produced 12,000 Units sold 7,000 There were no beginning inventories. What is the value of ending inventory for Sanders using the absorption costing method?

FINANCIAL ACCOUNTING
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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Sanders Company has the following information for last year: Selling price $190 per unit Variable production costs $52 per unit produced Variable selling and admin. expenses $18 per unit sold $240,000 $180,000 12,000 7,000 Fixed production costs Fixed selling and admin. expenses Units produced Units sold There were no beginning inventories. What is the value of ending inventory for Sanders using the absorption costing method? O $280,000 O $380,000 O $220,000 $360,000 3
Transcribed Image Text:Sanders Company has the following information for last year: Selling price $190 per unit Variable production costs $52 per unit produced Variable selling and admin. expenses $18 per unit sold $240,000 $180,000 12,000 7,000 Fixed production costs Fixed selling and admin. expenses Units produced Units sold There were no beginning inventories. What is the value of ending inventory for Sanders using the absorption costing method? O $280,000 O $380,000 O $220,000 $360,000 3
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