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Find the inventory value of the new product

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Reference no: EM132716644

Problem - Bethany Company has just completed the first month of producing a new product but has not yet shipped any of this product. The product incurred variable manufacturing costs of $5,000,000, fixed manufacturing costs of $2,000,000, variable marketing costs of $1,000,000, and fixed marketing costs of $3,000,000. Under the variable costing concept, find the inventory value of the new product?

a. $5,000,000.

b. $6,000,000.

c. $8,000,000.

d. $11,000,000.

Reference no: EM132716644

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