Consider the following information pertaining to a years operations of Youngstown Manufacturing: There are no work-in-process inventories.

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Consider the following information pertaining to a year’s operations of Youngstown Manufacturing:

Units sold Units produced 1,400 1,900

Direct labour Direct materials used Fixed manufacturing overhead Variable manufacturing overhead Selling and

There are no work-in-process inventories.
1. What is the ending finished-goods inventory cost under absorption costing?
2. What is the ending finished-goods inventory cost under variable costing?

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Introduction To Management Accounting

ISBN: 9780273737551

1st Edition

Authors: Alnoor Bhimani, Charles T. Horngren, Gary L. Sundem, William O. Stratton, Jeff Schatzberg

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Question Posted: Dec 30, 2023 05:22 AM

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Consider the following information pertaining to a years operations of Youngstown Manufacturing: There are no work-in-process inventories.

Question:

Units sold Units produced 1,400 1,900

Step by Step Answer:

ANSWER 1 Ending FinishedGoods Inventory Cost under Absorption Costing Under absorption costing fixed ...View the full answer

Introduction To Management Accounting

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