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Business

Accounting

what is the beginning inventory in units?

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

Dararidarari Inc. produces single product. Income under variable costing and absorption costing are 3640 and 2560, respectively. Product cost per unit under Variable costing and absorption costing are 8 and 2 per unit, respectively. Ending inventory is 260 units, what is the beginning inventory in units?

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3. The carrying value of ending inventory under variable costing would be: _________. Present as is if higher or present it in parenthesis if it is less ex: (200) 4. Under absorption costing, the cost of goods sold would be:
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