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The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 8,400
The following information is available for Barnes Company for the fiscal year ended December 31:
| Beginning finished goods inventory in units | 0 | ||
| Units produced | 8,400 | ||
| Units sold | 5,800 | ||
| Sales | $ | 754,000 | |
| Materials cost | $ | 168,000 | |
| Variable conversion cost used | $ | 84,000 | |
| Fixed manufacturing cost | $ | 882,000 | |
| Indirect operating costs (fixed) | $ | 116,000 | |
Cost of goods sold using absorption costing is:
Multiple Choice
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$849,667
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$522,000
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$783,000
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$174,000
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