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What is the value of ending inventory using full costing

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Reference no: EM133015698

Question - Canarie Manufacturing produces snow shovels. The selling price per snow shovel is $30.00. There is no beginning inventory.

Costs involved in production are:

Direct material $6.00

Direct labor 4.00

Variable manufacturing overhead 2.00

Total variable manufacturing costs per unit $12.00

Fixed manufacturing overhead per year $198,400

In addition, the company has fixed selling and administrative costs of $151,600 per year.

During the year, Canarie produces 49,600 snow shovels and sells 44,100 snow shovels.

Required - What is the value of ending inventory using full costing?

Reference no: EM133015698

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