Dollar value of the ending inventory under variable costing

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A company produces a single product. Variable production costs are $13.7 per unit and variable selling and administrative expenses are $4.7 per unit. Fixed manufacturing overhead totals $53,000 and fixed selling and administration expenses total $57,000. Assuming a beginning inventory of zero, production of 5,700 units and sales of 4,450 units, the dollar value of the ending inventory under variable costing would be:

Reference no: EM131214545

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