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What is the ending inventory under the absorption costing

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Reference no: EM132744514

Problem 1: ABS CBN manufactures a single product. Variable production costs are Php 10 and fixed production costs are Php 75,000. ABS CBN uses a normal activity of Php 10,000 units to set its standard costs. ABS CBN began the year with no inventory, produced 12,000 units and sold 11,500 units. What is the ending inventory under the absorption costing?

a. Php 8,750
b. php 7,500
c. Php 8,125
d. Php 5,000

Reference no: EM132744514

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