Exercises 1. At the end of the first year of operations, 6,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Cost Category Direct Materials Direct Labor Fixed Factory Overhead Variable Factory Overhead Dollar Amount $85 50 25 16 Determine the cost of the finished goods inventory reported on the balance sheet under a. the absorption costing concept and b. the variable costing concept.

Exercises 1. At the end of the first year of operations, 6,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Determine the cost of the finished goods inventory reported on the balance sheet under a. the absorption costing concept and b. the variable costing concept. Exercises 1. At the end of the first year of operations, 6,400 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Determine the cost of the finished goods inventory reported on the balance sheet under a. the absorption costing concept and b. the variable costing concept