Question
Sasky Textiles Inc. produces and sells a decorative pillow. It has provided the following data concerning its most recent month of operations: Selling price $126
Sasky Textiles Inc. produces and sells a decorative pillow. It has provided the following data concerning its most recent month of operations:
Selling price $126 Units in beginning inventory - Units produced 8,700 Units sold 8,400 Units in ending inventory 300 Variable costs per unit Direct materials $30 Direct labor $48 Variable manufacturing overhead $3 Variable selling and administrative $7 Fixed costs: Fixed manufacturing overhead $156,600 Fixed selling and administrative $151,200
What total amount of cost would have been assigned to the finished goods inventory under the absorption costing method?
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