The following information pertains to Good luck Co. Beginning inventory Units produced Units sold Direct labor cost per unit Direct material cost per unit Variable overhead cost per unit Fixed overhead cost per unit Variable selling costs per unit Fixed selling costs per unit none 15,000 units 10,000 units P10 P8 P2 P5 P6 P8

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. What is the value of ending inventory using the variable costing method?

 

The following information pertains to Good luck Co.
Beginning inventory
Units produced
Units sold
Direct labor cost per unit
Direct material cost per unit
Variable overhead cost per unit
Fixed overhead cost per unit
Variable selling costs per unit
Fixed selling costs per unit
none
15,000 units
10,000 units
P10
P8
P2
P5
P6
P8
Transcribed Image Text:The following information pertains to Good luck Co. Beginning inventory Units produced Units sold Direct labor cost per unit Direct material cost per unit Variable overhead cost per unit Fixed overhead cost per unit Variable selling costs per unit Fixed selling costs per unit none 15,000 units 10,000 units P10 P8 P2 P5 P6 P8
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