Maurice Tutor

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Teaching Since: May 2017
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    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 27 Sep 2017 My Price 7.00

ending inventory

Units sold during year

30,000

Units produced during year

45,000

Units in ending inventory

15,000

Variable manufacturing cost per unit

$4.50

Fixed manufacturing overhead (in total)

$20,250

Selling price per unit

$12.00

Variable selling and administrative expense per unit

$1.00

Fixed selling and administrative expenses (in total)

$4,000

There were no units in beginning inventory.

  

 

 

 

Prepare an income statement for last year using absorption costing.

Calculate the value of the ending inventory using absorption costing.

  

 

 

 

 

 

Prepare an income statement for last year using variable costing.

 

Calculate the value of the ending inventory using variable costing.

 

 

 

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Maurice Tutor
(5)
Status NEW Posted 27 Sep 2017 12:09 AM My Price 7.00

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