Solution-Determine the manufacturer finished goods

Determine the manufacturer finished goods inventory value

Reference no: EM132879862

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

Variable Manufacturing costs - $15.50

Variable marketing costs - $15.50

Fixed manufacturing costs - $13.70

Fixed marketing costs - $14.85

A total of 175,000 units were manufactured during June, 2,500 of which remain in ending inventory. The manufacturer uses the first-in, first-out (FIFO) inventory method, and the 2,500 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: EM132879862

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Determine the manufacturer finished goods inventory value

Reference no: EM132879862

Reference no: EM132879862

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