Question
Eastwood Company has the following information for previous year. Selling price $150 per unit Variable production costs $40 per unit produced Variable selling and admin.
Eastwood Company has the following information for previous year. Selling price $150 per unit Variable production costs $40 per unit produced Variable selling and admin. expenses $16 per unit sold Fixed production costs $200,000 Fixed selling and admin. expenses $140,000 Units produced 10,000 units Units sold 8,000 units There were no beginning inventories. a. What is the ending inventory for Eastwood using the absorption costing method? b. What is the cost of ending inventory for Eastwood using the variable costing method?
SHOW ALL CALCULATIONS!
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