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What is the ending balance in finished goods inventory

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Reference no: EM132589667

Rickman, Inc. reports the following information:

Units produced 610

Units sold 420 units

Sales price $160 per unit

Direct materials $27 per unit

Direct labor $12 per unit

Variable manufacturing overhead $13 per unit

Fixed manufacturing overhead $17,200 per year

Variable selling and administrative costs $4 per unit

Fixed selling and administrative costs $14,200 per year

There are no beginning inventories.

Question 1: What is the ending balance in Finished Goods Inventory using variable costing?

Reference no: EM132589667

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