Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 72 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $ 8 Fixed manufacturing overhead $ 300,000 Using variable costing, what is the cost of the company's ending inventory? Multiple Choice $ 132,000 $162,000 $140,000 $27,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per
Unit Per Year Selling price $ 200 Direct materials $ 72 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $8
Fixed manufacturing overhead $ 300,000 Using variable costing, what is the cost of the company's ending inventory? Multiple Choice $
132,000 $162,000 $140,000 $27,000
Transcribed Image Text:Assume the following information for a company that produced 10,000 units and sold 9,000 units during its first year of operations: Per Unit Per Year Selling price $ 200 Direct materials $ 72 Direct labor $ 50 Variable manufacturing overhead $ 10 Sales commission $8 Fixed manufacturing overhead $ 300,000 Using variable costing, what is the cost of the company's ending inventory? Multiple Choice $ 132,000 $162,000 $140,000 $27,000
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