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What is the value of ending inventory using full costing

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Question - Tri Town Manufacturing produces snow shovels. The selling price per snow shovel is $29.00. There is no beginning inventory.

Costs involved in production are: 

Direct material 

$5.00

Direct labor 

4.00

Variable manufacturing overhead

4.00

Total variable manufacturing costs per unit 

$13.00

Fixed manufacturing overhead per year 

$181,170

In addition, the company has fixed selling and administrative costs of $172,400 per year.

During the year, Tri Town produces 54,900 snow shovels and sells 49,560 snow shovels.

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

Reference no: EM133134079

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