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What the value of the ending finished goods inventory

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Question - Walsh Corporation produces a single product. Selected information concerning the operations of the company follow:

Units in beginning inventory 0

Units produced 10,000

Units sold 9,000

Direct materials $40,000

Direct labor $20,000

Variable manufacturing overhead $12,000

Fixed manufacturing overhead $25,000

Variable selling and administrative expenses $4,500

Fixed selling and administrative expenses $30,000

Assume that direct labor is a variable cost.

Under variable costing, what the value of the ending finished goods inventory?

a. $9,700

b. $7,650

c. $8,000

d. $7,200

Reference no: EM133179721

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