Question
The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 8,600
The following information is available for Barnes Company for the fiscal year ended December 31:
| Beginning finished goods inventory in units | 0 | ||
| Units produced | 8,600 | ||
| Units sold | 5,900 | ||
| Sales | $ | 1,180,000 | |
| Materials cost | $ | 172,000 | |
| Variable conversion cost used | $ | 86,000 | |
| Fixed manufacturing cost | $ | 946,000 | |
| Indirect operating costs (fixed) | $ | 118,000 | |
What is the absorption costing operating income ?
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Step: 1
To calculate the absorption costing operating income we need to determine the total manufacturing co...
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Fundamental Accounting Principles
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
20th Edition
1259157148, 78110874, 9780077616212, 978-1259157141, 77616219, 978-0078110870
