Seves Exit

Sabmit

$10$

$!$

Pert $4$ of $4$

$476$

Doirs

$5$ ropes

Required information

Use the following Information for the Quick study below. $($Algo$)$

$[$The following informotion opplies to the questions disployed below$]$

Aces Incorporated, a manufacturer of tennis racket, began operations thls year. The company produced $7,950$ rackets and sold $5,880.$ Each racket was sold at a price of $$90.$ Fixed overhead costs are $$103,350$ per year, and fixed selling and administrative costs are $$69,200$ per year. The compony also reports the following per unit variable costs for the year

Olvect atinins

Ornet istar:

$$12$

Variable overticis

$8$

Varioble solish and adinistrwtive exponses

$5$

QS $19-7($Algo$)$ Reporting inventory using absorption costing LO P$2$

Compute the cost of ending finished goods inventory reported on the bolance sheet using sbsorption costing.

$\backslash$table$[[$Finlehod poode iventory under abcorption ooting,$],[5,],[,],[,],[,],[,],[$Podure cot per unt,$5,0$