Compute cost of finished goods in inventory under absorption

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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

Problem 1: Given advanced company's data, compute cost of finished goods in inventory under absorption costing.

Reference no: EM132615449

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