Reference no: EM132720377
Question: On January 1 of the current year, Anderson Corporation commenced operations and operated its plant at 100% capacity during January. The following data summarized the results for January:
Units produced: 25,000 units
Units sold ($80 per unit): 21,000 units
Manufacturing costs:
variable man costs: $575,000
fixed man costs: 200,000
selling and administrative expenses:
variable selling and admin: $210,000
fixed selling and admin: $252,000
- calculate the value of ending inventory using absorption costing
- calculate the value of ending inventory using variable costing
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