Solution-What was the value of inventory of x at august

What was the value of inventory of x at august

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Reference no: EM132549649

The following data relate to a manufacturing company. At the beginning of August there was no inventory. During August 2 000 units pf product X were produced, but only 1750 units were sold.

The financial data for product x for August were as follow:

Materials 40 000

Labour 12 600

Variable overheads 9 400

Fixed production overheads 22 500

Variable selling costs 6 000

Fixed selling costs 19 300

Question 1: What was the value of inventory of X at 31 August, using a variable costing approach?

Select one:

a. N$10 562

b. N$6 575

c. N$8 500

d. N$7 750

e. None of all

Reference no: EM132549649

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What was the value of inventory of x at august

Reference no: EM132549649

Reference no: EM132549649

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