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What is ending inventory on the balance sheet

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Reference no: EM131079463

Crossbow Corp. produces a single product. Data concerning June's operations follow:

Units in beginning inventory

0

Units produced

6,000

Units sold

5,000

Variable costs per unit:

  Manufacturing

$7

  Selling and administrative

$3

Fixed costs in total:

  Manufacturing

$12,000

  Selling and administrative

$3,000

Under variable costing, ending inventory on the balance sheet would be valued at:

$10,000
$7,000
$9,000
$12,000

Reference no: EM131079463

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