Reference no: EM133172542
Question - Company H reports the following data at the end of its first fiscal year:
Raw materials used: $50,000
Direct labour: $90,000
Variable manufacturing overhead: $10,000
Fixed manufacturing overhead: $15,000
Variable operating expenses: $8,000
Final finished goods inventory: 1,000 units
Sales ($20/unit): $80,000
Under the variable cost method, determine the value of the ending finished goods inventory?
a) 15,000
b) No answer is appropriate
c) 30,000
d) 132,000
e) 33,000
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