acobs, SA sold 5,000 units of their only product during November, while they produced 4,500 units and had 2,800 units on hand at November 1. Expenses on their variable costing income statement for the month were: Variable Cost of Goods Sold: $230,000 Variable Selling and Administrative: $69,000 Fixed Manufacturing: $103,500 Fixed Selling and Administrative: $69,000 The sales price was $230. Using absorption costing, the finished goods inventory at the end of November should be valued at: $

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Q: Ans

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Q: Meman

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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.