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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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