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The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar.

The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar.

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 Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units, what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar.
Transcribed Image Text:The Johnson Corporation reported the following costs for the manufacture of 51,000 units: (a) direct materials of $38,000, (b) direct labor of $92,000, (c) administrative costs of $32,000, (d) overhead costs of $48,000 and (e) selling costs of $19,000. If the company sold 46,000 units, what total dollar amount would it report as ending inventory in its financial statements? As needed, round your final answer to the nearest whole dollar.
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