J Company has an ending inventory balance of 5,800 units. There was no inventory at the begir the year. Variable and fixed manufacturing costs amounted to P 34 and P 16, respectively. Dete the ending inventory balance for absorption costing and variable costing respectively.

J Company has an ending inventory balance of 5,800 units. There was no inventory at the begir the year. Variable and fixed manufacturing costs amounted to P 34 and P 16, respectively. Dete the ending inventory balance for absorption costing and variable costing respectively.

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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Question

Exercise 2:
J Company has an ending inventory balance of 5,800 units. There was no inventory at the beginning of
the year. Variable and fixed manufacturing costs amounted to P 34 andP 16, respectively. Determine
the ending inventory balance for absorption costing and variable costing respectively.

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