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What is the total cost of the ending inventory

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Reference no: EM133080403

Question - The following information has been extracted from the financial records of McCain Corporation for its first year of operations in 2021:

Units produced 10,000

Units sold

THE SELLING PRICE IS $50/UNIT 7,000

Variable costs per unit: Direct material $8

Direct labor 9

Manufacturing overhead 3

SG&A/unit sold 4

Fixed costs:

Manufacturing overhead ($70,000/10,000) = 7

SG&A

Beginning inventory units (1/1/21) 0

Ending inventory units (12/31/21) 3,000 $30,000

Required - Refer to McCain Corporation. What is the total cost of the ending inventory on the balance sheet under direct costing?

a. $60,000

b. $70,000

c. $80,000

d. $90,000

Reference no: EM133080403

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