Carr company produces a single product during the past year

Reference no: EM13589017

Carr Company produces a single product. During the past year, Carr manufactured 30,420 units and sold 24,900 units. Production costs for the year were as follows:

Fixed manufacturing overhead	$395,460
Variable manufacturing overhead	$258,570
Direct labor	$142,974
Direct materials	$234,234

Sales totaled $1,207,650, variable selling expenses totaled $136,950, and fixed selling and administrative expenses totaled $185,562. There were no units in beginning inventory. Assume that direct labor is a variable cost.

Under absorption costing, the ending inventory for the year would be valued at:

	$214,628
	$187,128
	$248,628
	$27,128

Reference no: EM13589017

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Carr company produces a single product during the past year

Reference no: EM13589017

Reference no: EM13589017

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