Gage Company reports the following information for the current year. All beginning inventory amounts equaled 50 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. $1,224,000 $3,060,000 $1,836,000 $2,646,000 $1,701,000

FINANCIAL ACCOUNTING
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Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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
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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