Solution-Compute cost of finished goods in inventory

Compute cost of finished goods in inventory

Reference no: EM132615458

Question - Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year 40,000 units

Units sold this year 24,000 units

DM $24 per unit

DL $26 per unit

Variable OH $3 per unit

Fixed OH $200,000 in total

Required - Given Advanced Company's data, compute cost of finished goods in inventory under variable costing.

Reference no: EM132615458

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Compute cost of finished goods in inventory

Reference no: EM132615458

Reference no: EM132615458

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