Question
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year
Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations:
| Per Unit | Per Year | |
|---|---|---|
| Selling price | $ 200 | |
| Direct materials | $ 68 | |
| Direct labor | $ 50 | |
| Variable manufacturing overhead | $ 11 | |
| Sales commission | $ 8 | |
| Fixed manufacturing overhead | $ 300,000 |
Using absorption costing, what is the cost of the companys ending inventory?
Multiple Choice
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$129,000
-
$159,000
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$137,000
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$24,000
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Standards For The Professional Practice Of Internal Auditing Statements On Internal Auditing Standards Statement Of Responsibilities Of Internal Auditing Code Of Ethics
Authors: Inst
1st Edition
0894133462, 978-0894133466
