1) Doon Company incurred the following costs while producing 560 units: direct materials, $9 per unit; direct labor, $30 per unit; variable manufacturing overhead, $14 per unit; total fixed manufacturing overhead costs, $11,200; variable selling and administrative costs, $3 per unit; total fixed selling and administrative costs, $7,280. There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing if 400 units are sold?

1) Doon Company incurred the following costs while producing 560 units: direct materials, $9 per unit; direct labor, $30 per unit; variable manufacturing overhead, $14 per unit; total fixed manufacturing overhead costs, $11,200; variable selling and administrative costs, $3 per unit; total fixed selling and administrative costs, $7,280. There are no beginning inventories. What is the ending balance in Finished Goods Inventory using variable costing if 400 units are sold?

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 4PA: During March, the following costs were charged to the manufacturing department: $14886 for...

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