Determine the value of the ending finished goods inventory

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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

Reference no: EM133172542

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