Question 9 and 11

Use the following information to answer the question. Using variable costing, the cost of goods sold is: $110,000 $120,000 $144,000 $40,000 Under what conditions will the FIFO method produce the same cost of goods manufactured as the weighted-average method? When there is no ending inventory When the beginning and ending inventories are both 50% complete When there is no beginning inventory When the beginning and ending inventories are equal Which of the following is an example of a fixed cost? Direct materials used in production Sales commission where an employee is paid for each sale made Straight-line depreciation on equipment None of the above