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Find the value of ending inventory under absorption costing

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Reference no: EM132996713

Question - Trump Company sells its product for $25 per unit. During 2016, it produced 20,000 units and sold 15,000 units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable selling costs $3. Fixed costs are: $100,000 manufacturing overhead, and $50,000 selling and administrative expenses. Find the value of ending inventory under absorption costing?

Reference no: EM132996713

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