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Determine the manufacturer finished goods inventory value

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Reference no: EM131564702

Problem - A cracker manufacturer has the following unit costs for the month of June:                                                                    

Variable manufacturing cost - $6.00

Variable marketing cost - $4.20

Fixed manufacturing cost - $2.40

Fixed marketing cost - $4.80

A total of 120,000 units were manufactured during June, 15,000 of which remain in ending inventory. The manufacturer uses the first-in, first-out (FIFO) inventory method, and the 15,000 units are the only finished goods inventory at month end. Using the full absorption costing method, Determine the manufacturer's finished goods inventory value.

Reference no: EM131564702

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