The following information pertains to the first year of operation of A Corp.:nialdei sbr Units soldUnits producedFixed manufacturing overheadVariable manufacturing overheadFixed selling and administrativeVariable selling and administrative expensesDirect materials used2,0002,200P44,00012,000a18,000er 10,000ant30,000b 24,000100 unitsexpensesyibra brsd onDirect laborInventory, beginning unitsInventory flow is on a FIFO basisv coubouk psq uco o 19cInstructions:ni 1. Determine the ending finished goods inventory under absorption costing method.2.Determine the ending finished goods inventory under the variable costing method.

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Iraipe at bloe aln The following information pertains to the first year of operation of A Corp.:ni on Units sold Units produced Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Direct materials used aldei 2,000 2,200 P44,000 12,000 18,000 10,000 30,000 b:24,000 100 units anbe yibra Direct labor Inventory, beginning units Inventory flow is on a FIFO basis 006 v coubsuk psq ucoue Instructions: a 1. Determine the ending finished goods inventory under absorption costing method. 2. Determine the ending finished goods inventory under the variable costing method.

Iraipe at bloe aln The following information pertains to the first year of operation of A Corp.:ni on Units sold Units produced Fixed manufacturing overhead Variable manufacturing overhead Fixed selling and administrative expenses Variable selling and administrative expenses Direct materials used aldei 2,000 2,200 P44,000 12,000 18,000 10,000 30,000 b:24,000 100 units anbe yibra Direct labor Inventory, beginning units Inventory flow is on a FIFO basis 006 v coubsuk psq ucoue Instructions: a 1. Determine the ending finished goods inventory under absorption costing method. 2. Determine the ending finished goods inventory under the variable costing method.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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