Find what is value of ending inventory using full costing

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Reference no: EM132711549

Ceradyne Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are:

Direct material $5.00

Direct labor 3.00

Variable manufacturing overhead 2.00

Total variable manufacturing costs per unit $10.00

Fixed manufacturing overhead per year $223,100

In addition, the company has fixed selling and administrative costs of $155,200 per year.

Problem 1: During the year, Ceradyne produces 48,500 snow shovels and sells 43,490 snow shovels. What is the value of ending inventory using full costing?

Reference no: EM132711549

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