Question
Company X provides the following data for the fiscal year 2021 5,000 units produced and 4,800 units sold Selling Price: $2,000 per unit Manufacturing
Company X provides the following data for the fiscal year 2021 5,000 units produced and 4,800 units sold Selling Price: $2,000 per unit Manufacturing Costs: Variable: Direct Costs $825 per unit Variable MFG $75 per unit | Fixed: $1,200,000 Selling Costs: $40 per unit variable plus $100,000 fixed. Administrative Costs: $500,000 per year (fixed). Beginning FG inventory: 300 units at $1,000 variable cost per unit and $200 fixed cost per unit Overhead costs are allocated per unit. What is the Finished Goods Inventory at the end of 2021?
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
4th Edition
978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584
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