Question
A company sells a product for $200 per unit. In November, the company sold 28,000 units while manufacturing 30,000 units. There was no beginning inventory
A company sells a product for $200 per unit. In November, the company sold 28,000 units while manufacturing 30,000 units. There was no beginning inventory on November 1. Production information for November was: Direct manufacturing labor per unit 15 minutes Fixed selling and administrative costs $40,000 Fixed manufacturing overhead $132,000 Direct materials cost per unit $2 Direct manufacturing labor per hour $24 Variable manufacturing overhead per unit $4 Variable selling costs per unit $2 Required: (5 points each) A) What is the amount of ending inventory under absorption costing? Enter your numeric answer in the answer box. Do not enter currency sign and comma, and decimal point if any. B) What is the amount of ending inventory under variable costing? Enter your numeric answer in the answer box. Do not enter currency sign and comma, and decimal point if any
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