Compute beginning inventory of given period

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Reference no: EM131879007

Question: Review given problem:

	Period 1	Period 2
Qty. produced	12,000	11,000
Qty. Sold	11,000	12,000
Sell price each	$40	$40
Variable cost each	$15	$15
Variable selling expense each	$2	$2
Fixed manufacturing overhead	$130,000	$30,000
Fixed Selling & Admin Expense	$80,000	$80,000
Beginning inventory	0	compute
Ending inventory	compute	0

i. Compute beginning inventory of period 2.

ii. Compute ending inventory of period 1.

A. Produce for period 1 variable format income statement

B. Produce for period 1 FAC format income statement

C. Produce for period 2 variable format income statement

D. Produce for period 2 FAC format income statement.

Information related to above question is enclosed below:

Attachment:- 81554_1391849_Ch6HW---NOEXCEL.rar

Reference no: EM131879007

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