Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN: 9781337115773
Author: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher: Cengage Learning
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Need help with this general accounting question please answer

Given the following data.
Beginning Inventory in Units: 0
Units Produced: 5,000
Units Sold: 4,200
Sales: $420,000
Material Cost (unit-level/variable): $100,000
Variable Conversion Cost Used: $60,000
Fixed Manufacturing Cost (Facility Level): $80,000
Indirect Operating Cost (Fixed): $90,000
What is the ending inventory under variable costing? Show your
complete solution.
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Transcribed Image Text:Given the following data. Beginning Inventory in Units: 0 Units Produced: 5,000 Units Sold: 4,200 Sales: $420,000 Material Cost (unit-level/variable): $100,000 Variable Conversion Cost Used: $60,000 Fixed Manufacturing Cost (Facility Level): $80,000 Indirect Operating Cost (Fixed): $90,000 What is the ending inventory under variable costing? Show your complete solution.
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Managerial Accounting: The Cornerstone of Busines...
Accounting
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Cengage Learning