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What is the value of ending inventory using full costing

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Reference no: EM133172559

Question - Pembina Manufacturing produces snow shovels. The selling price per snow shovel is $27.00. There is no beginning inventory.

Costs involved in production are: 

Direct material 

$5.00

Direct labor 

5.00

Variable manufacturing overhead

2.00

Total variable manufacturing costs per unit

$12.00

Fixed manufacturing overhead per year 

$237,360

In addition, the company has fixed selling and administrative costs of $157,500 per year.

During the year, Pembina produces 51,600 snow shovels and sells 46,480 snow shovels.

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

Reference no: EM133172559

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