Finished-goods inventory cost under absorption costing

Reference no: EM13259021

Consider the following information pertaining to a year'soperations of Youngstown Mfg.:

Units sold	1,400
Units produced	1,600
Direct labor	$4,200
Direct materials used	3,500
Fixed manufacturing overhead	2,200
Variable manufacturing overhead	300
Selling and administrative expenses (all fixed)	700
Beginning inventories	0
Contribution margin	5,600
Direct-material inventory, end	800

There are no work-in-process inventories.

1. What is the ending finished-goods inventory cost underabsorption costing?

2. What is the ending finished-goods inventory cost undervariable costing?

Reference no: EM13259021

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