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What is the ending finished goods inventory

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Reference no: EM131743909

Problem - Besse, Ltd. manufactures a single product that had the following cost structure this year:

  • Variable Manufacturing Cost per unit: $12
  • Variable Selling and Administrative cost per unit: $8
  • Fixed Manufacturing Cost, Total: $1,364,000
  • Fixed Selling and Administrative Costs, Total: $558,000

They sold 83,000 units for $65 each during the year, and produced 92,000 units. What is the ending finished goods inventory under variable costing?

Reference no: EM131743909

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