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Determine the Ending inventory that would be reported

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Question - A business operated at 100% of capacity during its first month and incurred the following production costs:

Total production costs (for 20,000 units): Direct materials $400,000

Direct labor 500,000

Variable factory overhead 200,000

Fixed factory overhead 300,000 2,000 units remain unsold at the end of the month.

Determine the Ending inventory that would be reported on the variable costing Balance sheet?

Reference no: EM132592997

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