FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Gage Company reports the following information for the current year. All beginning inventory amounts equaled $0 this
year.
Units produced this year
Units sold this year
Direct materials
Direct labor
Variable overhead
Fixed overhead
105,000 units
78,000 units
$ 29 per unit
$ 31 per unit
$ 3 per unit
$ 918,750 in total
Given Belle Company's data, compute cost of finished goods in inventory under variable costing.
O $1,224,000
$3,060,000
$1,836,000
$2,646,000
$1,701,000
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Transcribed Image Text:Gage Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year. Units produced this year Units sold this year Direct materials Direct labor Variable overhead Fixed overhead 105,000 units 78,000 units $ 29 per unit $ 31 per unit $ 3 per unit $ 918,750 in total Given Belle Company's data, compute cost of finished goods in inventory under variable costing. O $1,224,000 $3,060,000 $1,836,000 $2,646,000 $1,701,000
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