How much fixed overhead cost is included in ending finished

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Reference no: EM13583046

A company has incurred the following total costs for its very first month of operations:

Raw materials purchased	$67,000
Direct Labor	$81,000
Variable factory overhead	$26,000
Fixed factory overhead	?
Variable selling and administrative	$6,000
Fixed selling and administrative	$8,000

The company also reported the following information:

Sales(1,600 units)	$192,000
Gross Margin	$57,000

Ending inventories
Raw materials	$10,000
Work-in-process	none
Finished goods (in units)	900 units

How much fixed overhead cost is included in ending finished goods inventory under absorption costing?

Reference no: EM13583046

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