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Q2. (10 marks) For the current year, Bose Inc., had sales of 42,000 units and production of 50,000 units. Other information for the year included:

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Q2. (10 marks) For the current year, Bose Inc., had sales of 42,000 units and production of 50,000 units. Other information for the year included: Direct manufacturing labour $169,900 Variable manufacturing overhead 73,500 Direct materials 62,300 Variable selling expenses 21,000 Fixed administrative expenses 224,000 Fixed manufacturing overhead 125,500 There was no beginning inventory. Required: a. Compute the ending finished goods inventory under both absorption and variable costing. b. Compute the cost of goods sold under both absorption and variable costing

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