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Demonstrate ending finished goods inventory

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Reference no: EM132638569

For the current year, PMC Inc., had sales of 75,000 units and production of 103296 units. Other information for the year included:

Direct manufacturing labour $225813
Variable manufacturing overhead $84648
Direct materials $132549
Variable selling expenses $100,000
Fixed administrative expenses $100,000
Fixed manufacturing overhead $220936

There was no beginning inventory.

Question 1: The ending finished goods inventory under variable costing is

Reference no: EM132638569

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