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12 Sherbert Company makes glow sticks. The costs and prices for the sticks follow. $23.00 per stick Selling price Variable costs: Production Selling Fixed Costs:
12
Sherbert Company makes glow sticks. The costs and prices for the sticks follow. $23.00 per stick Selling price Variable costs: Production Selling Fixed Costs: Production Selling and administrative $11.00 per stick $2.00 per stick $900,000 per year $540,000 per year Assume that Sherbert produced 250,000 units for the year and sold 200,000. There was no beginning inventory, and all costs were incurred as expected. What would the ending inventory be under variable costing
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