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I need to use the cell references to get my answers Requirement 2 Calculate the balance in Finished Goods Inventory on May 31, 2018, using
I need to use the cell references to get my answers
Requirement 2 Calculate the balance in Finished Goods Inventory on May 31, 2018, using absorption costing and variable costing. (Always use cell references and formulas where appropriate to receive full credit. Ifyou copy/paste from the Instruction tab you will be marked wrong. Enter all amounts as positive values. Do not use a minus sign or parentheses for any values.) Beginning Inventory in units Units produced Units available for sale Units sold Ending Inventory in units Absorption Variable Costing Costing Ending inventory in units Product cost per unit Balance in Finished Goods Inventory HINTS DATA Tiger Mountain Gelato incurs the following costs for its premium ice cream in May 2018: Direct materials cost per pint $ 2.50 per pint 0.75 per pint Direct labor cost per pint 0.25 per pint Variable manufacturing overhead cost per pint Fixed manufacturing overhead costs 6,000 per month Total fixed selling and administrative costs 5,000 per month Sales price per pint 8.00 per pint Pints of gelato produced 12,000 pints Pints of gelato sold 11,500 pintsStep by Step Solution
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