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QUESTION 30 10 points Save Answer Indianapolis, Inc. started the month with no beginning inventories. During the month, the firm made 700 units, sold 400
QUESTION 30 10 points Save Answer Indianapolis, Inc. started the month with no beginning inventories. During the month, the firm made 700 units, sold 400 of them, and collected the following data: Sales price $130 per unit Direct materials $30 per unit Direct labor $12 per unit Variable MOH $10 per unit Fixed MOH $17,400 per month Variable selling and admin. costs $5 per unit Fixed selling and admin. costs $19,700 per unit What is the firm's ending balance in Finished Goods Inventory 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.) A. $23,058 B. - $15,600 C. $33,001 OD. $7,457 QUESTION 31 10 points Save Answer Des Moines, Inc. started the month with no beginning inventories. During the month, the firm made 600 units, sold 500 of them, and collected the following data: Sales price $120 per unit Direct materials $30 per unit Direct labor $10 per unit Variable MOH $7 per unit Fixed MOH $17,900 per month Variable selling and admin. costs $4 per unit Fixed selling and admin. costs $10,600 per unit What is the balance in the Finished Goods Inventory at the end of the month using variable costing? A. $3,000 B. $4,700 C.$4,000 OD. $1,700
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