Question
The following information pertains to Gold Star Corporation for a period: Selling price per unit $41 Standard fixed manufacturing costs per unit $20 Variable selling
The following information pertains to Gold Star Corporation for a period:
Selling price per unit | $41 |
Standard fixed manufacturing costs per unit | $20 |
Variable selling and administrative costs per unit | $4 |
Fixed selling and administrative cost per unit | $16,000 |
Beginning inventories: |
|
Units | ? |
Standard fixed manufacturing cost | $40,000 |
Standard variable manufacturing cost | $20,000 |
Units produced | 10,000 |
Units sold | 9,600 |
Required:
Assume the unit standard costs data for the beginning and ending inventories remained constant during the period. What was the total standard cost of the ending inventory under absorption costing?
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