Solution-What is the ending finished goods inventory

What is the ending finished goods inventory

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For 2020, Roberts Ltd., had sales of 150,000 units and production of 210,000 units. Other information for the year included:

Direct manufacturing labor $197,500
Variable manufacturing overhead 100,000
Direct materials 160,000
Variable selling expenses 100,000
Fixed administrative expenses 100,000
Fixed manufacturing overhead 250,000

There was no beginning inventory.

Problem 1: What is the ending finished goods inventory under absorption costing and variable costing? The company uses actual costing and rounds to the cent (two decimal places) when calculating cost per unit.

a. $115, 478, $ 120, 560
b. $176,875, $114,375
c. $202,200, $131, 400
d. $185, 950, $113, 755

Reference no: EM132982954

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What is the ending finished goods inventory

Reference no: EM132982954

Reference no: EM132982954

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