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Leesburg Bags produces backpacks. The costs and prices for the backpacks follow unit costs in all years): Selling price $23.00 per backpack Variable costs:
Leesburg Bags produces backpacks. The costs and prices for the backpacks follow unit costs in all years): Selling price $23.00 per backpack Variable costs: Production $11.00 per backpack $2.00 per backpack Selling Fixed Costs: Production Selling and administrative $900,000 per year $540,000 per year Leesburg Bags produced 250,000 backpacks for the year and sold 210,000. There was no beginning inventory, and costs throughout the year were stable. How much is the cost of ending inventory under full costing? O $730,000 O $550,000 O $650,000 $584,000 O $938,000
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