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Compute the manufactures march amount of ending inventory

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A manufacturer has a highly automated assembly line that uses very little direct labor. Therefore, direct labor is part of variable overhead. For March, assume that it incurred the following unit costs: Direct Materials $500, Variable Overhead 440, Fixed Overhead 160

  • The 100 units of beginning inventory for March had an absorption costing value of $90,000 and a variable costing value of $76,000. For March, assume that the manufacturer produced 500 units and sold 540 units.

Question 1: How to compute the manufactures March amount of ending inventory under both absorption and variable costing if the FIFO inventory method was used. 

Reference no: EM132869331

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