The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production Selling and administrative Fixed costs per year: Production Selling and administrative Last year, 7,210 units were produced and 7,110 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: $ $ 35 14 $216,300 $190,340

Principles of Accounting Volume 2
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Chapter6: Activity-based, Variable, And Absorption Costing
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Problem 13PA: Grainger Company produces only one product and sells that product for $100 per unit. Cost...
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The Southern Corporation manufactures a single product and has the following cost structure:
Variable costs per unit:
Production
Selling and administrative
$
$
35
14
Fixed costs per year:
Production
$216,300
$190,340
Selling and administrative
Last year, 7,210 units were produced and 7,110 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:
Transcribed Image Text:The Southern Corporation manufactures a single product and has the following cost structure: Variable costs per unit: Production Selling and administrative $ $ 35 14 Fixed costs per year: Production $216,300 $190,340 Selling and administrative Last year, 7,210 units were produced and 7,110 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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