Homework Help is Here – Start Your Trial Now!
Business
Accounting
What would be NUBD's finished inventory cost at December 31, 2021 under the variable costina method? * . Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales |Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 Operating expenses |Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none

What would be NUBD's finished inventory cost at December 31, 2021 under the variable costina method? * . Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales |Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 Operating expenses |Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

29

What would be NUBD's finished inventory cost at December 31, 2021 under the variable costina method? * Q Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none O P 90,000 O P 104,000 O P 105,000 O P 135,000
Transcribed Image Text:What would be NUBD's finished inventory cost at December 31, 2021 under the variable costina method? * Q Information from NUBD Company's records for the year ended December 31, 2021 is available as follows: Units sold Net sales Cost of goods manufactured: Variable Fixed 60,000 Units manufactured P 1,400,000 Operating expenses: Variable 630,000 Fixed 315,000 FG Inventory, beg. 70,000 P 98,000 140,000 none O P 90,000 O P 104,000 O P 105,000 O P 135,000
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS