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Indianapolis, Inc. started the month with no beginning inventories. During the month the firm made 580 units, sold 470 of them, and collected the following
Indianapolis, Inc. started the month with no beginning inventories. During the month the firm made 580 units, sold 470 of them, and collected the following data: Sales price $200 per unit Direct materials $29 per unit Direct labor $8 per unit Variable MOH $13 per unit Fixed MOH $16,600 per month Variable selling and admin. costs $6 per unit Fixed selling and admin, costs $14,000 per unit What is the value of the firm's Finished oods Inventory ending balance at the end of the month using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar) O A $5,500 OB. $7.218 OC. $8,648 OD. $3,148
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