Please do not give solution in image format thanku The following data relates to Mandarin Company.Line Item DescriptionUnits in beginning inventoryUnits producedUnits sold ($350 per unit)Variable costs per unit:Direct materialsDirect laborNumerical Data14,00013,000$80160Variable overheadFixed costs:Fixed overhead per unit producedFixed selling and administrative expenses 150,00060$30Determine the value of ending inventory under absorption costing.a.$240,000b.$270,000c.$300,000d.$330,000

Absorption costing method :— Under this method, product cost is calculated by adding direct…

The following data relates to Mandarin Company. Line Item Description Units in beginning inventory Numerical Data Units produced Units sold ($350 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses 150,000 14,000 13,000 $80 160 60 $30 Determine the value of ending inventory under absorption costing. a.$240,000 b.$270,000 c.$300,000 d.$330,000

The following data relates to Mandarin Company. Line Item Description Units in beginning inventory Numerical Data Units produced Units sold ($350 per unit) Variable costs per unit: Direct materials Direct labor Variable overhead Fixed costs: Fixed overhead per unit produced Fixed selling and administrative expenses 150,000 14,000 13,000 $80 160 60 $30 Determine the value of ending inventory under absorption costing. a.$240,000 b.$270,000 c.$300,000 d.$330,000

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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