The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 13 Fixed costs per year: Production $96,320 Selling and administrative $84,760 Last year, 6,020 units were produced and 5,920 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:.
The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production $ 35 Selling and administrative $ 13 Fixed costs per year: Production $96,320 Selling and administrative $84,760 Last year, 6,020 units were produced and 5,920 units were sold. There was no beginning inventory. The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The Southern Corporation manufactures a single product and has the following cost structure:
| Variable costs per unit: | |
|---|---|
| Production | $ 35 |
| Selling and administrative | $ 13 |
| Fixed costs per year: | |
| Production | $96,320 |
| Selling and administrative | $84,760 |
Last year, 6,020 units were produced and 5,920 units were sold. There was no beginning inventory.
The carrying value on the balance sheet of the ending inventory of finished goods under variable costing would be:.
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