Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Under absorption costing, the ending inventory for the year would be valued at? Harris Corporation produces a single product. Last year, Harris manufactured 30,420 units

Under absorption costing, the ending inventory for the year would be valued at? image text in transcribed
Harris Corporation produces a single product. Last year, Harris manufactured 30,420 units and sold 24,900 units. Production costs for the year were as follows Fixed manufacturing overhead $258,570 Variable manufacturing overhead Direct labor Direct materials $234.23 Sales were $1.207650, for the year, variable selling and administrative expenses were $136,950, and fixed selling and administrative expenses were $185.562. There was no beginning inventory Assume that diresct labor is a variable cost Under absorption costing the ending inventory for the year would be valued at (Do not round intermediate calculations.) O $214628 O $248.628 O $257128 O $187128

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistical Audit Automation The Principles Of Statistical Sampling Of Business Accounts

Authors: Nathan Poeschl

1st Edition

B0B17YP1SR, 979-8829041991

More Books

Students also viewed these Accounting questions

Question

compare and contrast centralized and decentralized decision making

Answered: 1 week ago