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The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning inventories in January 20X6. Selling price per unit Variable manufacturing expense per unit Sales commission expense per unit $35.00 $15.00 $5.00 Fixed manufacturing overhead $2,000,000 Fixed operating expense # of goggles produced # of goggles sold $250,000 200,000 185,000 Required: a) Calculate the following for Rays i) The total cost per unit ii) The value of ending inventories using marginal costing ii) The value of ending inventories using total costing

The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning inventories in January 20X6. Selling price per unit Variable manufacturing expense per unit Sales commission expense per unit $35.00 $15.00 $5.00 Fixed manufacturing overhead $2,000,000 Fixed operating expense # of goggles produced # of goggles sold $250,000 200,000 185,000 Required: a) Calculate the following for Rays i) The total cost per unit ii) The value of ending inventories using marginal costing ii) The value of ending inventories using total costing

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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The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning inventories in January 20X6. Selling price per unit Variable manufacturing expense per unit Sales commission expense per unit $35.00 $15.00 $5.00 Fixed manufacturing overhead Fixed operating expense # of goggles produced # of goggles sold $2,000,000 $250,000 200,000 185,000 Required: а) Calculate the following for Rays i) The total cost per unit ii) The value of ending inventories using marginal costing ii) The value of ending inventories using total costing
Transcribed Image Text:The 20X6 data that follow pertain to Rays, a manufacturer of swimming goggles. Rays had no beginning inventories in January 20X6. Selling price per unit Variable manufacturing expense per unit Sales commission expense per unit $35.00 $15.00 $5.00 Fixed manufacturing overhead Fixed operating expense # of goggles produced # of goggles sold $2,000,000 $250,000 200,000 185,000 Required: а) Calculate the following for Rays i) The total cost per unit ii) The value of ending inventories using marginal costing ii) The value of ending inventories using total costing
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