Question
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable
During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $250,000. The company produced 25,000 units and sold 20,000 units, leaving 5,000 units in inventory at year-end. What is the value of ending inventory under variable costing?
| A. | $60,000 | |
| B. | $110,000 | |
| C. | $50,000 | |
| D. | $250,000 |
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Study On The Auditing System Of Socialism With Chinese Characteristics
Authors: Jiayi Liu
1st Edition
111932470X, 978-1119324706
