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What the amount of inventory that would be reported

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Reference no: EM132996871

Question - A business operated at 100% of capacity during its first month and incurred the following costs:

Direct materials $176,500

Direct labor 225,300

Variable factory overhead 261,800

Fixed factory overhead 92,100 $755,700

Operating expenses:

Variable operating expenses $130,500

Fixed operating expenses 43,200 $173,700

If 2,000 units remain unsold at the end of the month, what the amount of inventory that would be reported on the absorption costing balance sheet?

Reference no: EM132996871

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