Question
A company had $600,000 and $800,000 in its beginning and finished goods inventory, respectively. Depreciation expense incurred during the year was $200,000 on its manufacturing
A company had $600,000 and $800,000 in its beginning and finished goods inventory, respectively. Depreciation expense incurred during the year was $200,000 on its manufacturing equipment. Using variable costing, how much depreciation expense will be reported in finished goods inventory at year end?
A :$50,000
B : $66,667
C : $0
D : $200,000
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Financial Accounting And Reporting
Authors: Barry Elliott, Jamie Elliott
13th Edition
0273730045, 978-0273730040
