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A manufacturer reports the following costs to produce 13,000 units in its first year of operations: Direct materials, $13 per unit, Direct labor, $9 per
A manufacturer reports the following costs to produce 13,000 units in its first year of operations: Direct materials, $13 per unit, Direct labor, $9 per unit Variable overhead, $104,000, and Fixed overhead, $156,000. Of the 13,000 units produced, 12,000 were sold, and 1,000 remain in inventory at year-end. Under variable costing, the value of the inventory is
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