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Ch12: Quiz Question 2 of 10 < > View Policies Current Attempt in Progress -/1 Flint Enterprises has budgeted variable and fixed manufacturing costs
Ch12: Quiz Question 2 of 10 < > View Policies Current Attempt in Progress -/1 Flint Enterprises has budgeted variable and fixed manufacturing costs of $88,500 and $51,800, respectively. The budgets are based on producing 2,950 units. For the same budget period, variable and fixed operating expenses were budgeted at $13,400 and $26,800, respectively. Flint Enterprises currently uses variable costing. Assuming no beginning inventory for the period, all 2,950 units were produced, and the company sold 2,700 units, how much in COGS did the company report for the year? How much inventory cost will be on the balance sheet at year end? Cost of goods sold Ending inventory Save for Later $ Attempts: 0 of 1 used Submit Answer
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