Solution-What total amount of cost would have been assigned

What total amount of cost would have been assigned

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Reference no: EM132603077

Lasky Textiles Inc. produces and sells a decorative pillow. It has provided the following data concerning its most recent month of operations:

Selling price $126

Units in beginning inventory -Units produced 8,700

Units sold 8,400

Units in ending inventory 300

Variable costs per unit

Direct materials $30

Direct labor $48

Variable manufacturing overhead $3

Variable selling and administrative $7

Fixed costs:

Fixed manufacturing overhead $156,600

Fixed selling and administrative $151,200

Question 1: What total amount of cost would have been assigned to the finished goods inventory under the absorption costing method?

Option 1: $12,640

Option 2: $24,300

Option 3: $26,100

Option 4: $29,700

Reference no: EM132603077

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What total amount of cost would have been assigned

Reference no: EM132603077

Reference no: EM132603077

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