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Boric Company manufactures and sells a single product. In its first year of operations (Year 1). Boric produces 3,000 units and sells 2,400 units.
Boric Company manufactures and sells a single product. In its first year of operations (Year 1). Boric produces 3,000 units and sells 2,400 units. In Year 2, Boric produces 2,400 units and sells 3,000 units. Boric's manufacturing costs were as follows in each of the two years: Direct materials, per unit Direct labor, per unit Variable manufacturing overhead, per unit Fixed manufacturing overhead, total for year $64 $40 $11 $150,000 The selling price is $160 per unit. Using absorption costing, what is the cost of goods sold in Year 2? ound to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g.. mter 89, not $89.00).
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