A manufacturing company that produces a single product has provided the following data concerning its most recent month of operat Selling price Units in beginning inventory Units produced Units sold Units in ending inventory Variable costs per unit:: Direct materials Direct labor Variable manufacturing overhead Variable selling and administrative expense Fixed costs: Fixed manufacturing overhead Fixed selling and administrative expense What is the total period cost for the month under variable costing? $121 0 6,000 5,600 400 $.38 $.53 $3 $11 $60,000 $28,000

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.