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Sunland Company sells its product for $90 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs
Sunland Company sells its product for $90 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $25, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Ending inventory under variable costing is
a. $380000
b. $1900000
c. $500000
d. $900000.
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