Question
Vong Company reports the following data: Finished Goods Inventory: Beginning balance, in units 700 Units produced 2,800 Units sold (1,400) Ending balance, in units 2,100
Vong Company reports the following data:
Finished Goods Inventory: | |
Beginning balance, in units | 700 |
Units produced | 2,800 |
Units sold | (1,400) |
Ending balance, in units | 2,100 |
Production Costs: | |
Variable manufacturing costs per unit | $60 |
Total fixed manufacturing costs | 44,800 |
Calculate the product cost per unit and the total cost of the 2,100 units in ending inventory using absorption costing and variable costing.
Calculate the cost per unit using absorption costing and variable costing. (If a box is not used in the table leave the box empty; do not enter a zero.)
Absorption | Variable | |
Costing | Costing | |
| ||
| ||
Total unit product cost |
Calculate the total cost of the 2,100 units in ending inventory using absorption costing.
The total cost of the 2,100 units in ending inventory using absorption costing is $ | . |
Calculate the total cost of the 2,100 units in ending inventory using variable costing.
The total cost of the 2,100 units in ending inventory using variable costing is $ | . |
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