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Questions 8 and 9 use the information that follows. Carrolton Inc. manufactured 5,000 units of products during this month, and sold 4,000 units of products.
Questions 8 and 9 use the information that follows. Carrolton Inc. manufactured 5,000 units of products during this month, and sold 4,000 units of products. The price of this product is $500. There is no beginning balance in Finished Goods Inventory. Following data have been summarized: boooX 47000 - Zooooooo Direct Materials Direct Labor Variable manufacturing Overhead Fixed manufacturing Overhead Fixed S&A costs $150 per unit $75 per unit $20 per unit $110,000 $116,000 8. What is Operating income of the company for this month (Based on Absorptio System)? a. 932,000 b. 2,000,000 c. 850,000 d. 816,000 9. What is Finished Goods Inventory ending Balance (Based on Absorption Costing System)? a. 245,000 b. 267,000 c. 107,000 d. 65,000
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