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Determine the ending inventory under variable costing

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Question - Obama Company sells its product for $26 per unit. During 2020, it produced 24500 units and sold 14000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $294000 manufacturing overhead, and $98000 selling and administrative expenses. Determine the ending inventory under variable costing?

Reference no: EM132860833

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