X comapny produces a single product last year it

Reference no: EM13604824

X Comapny produces a single product. Last year, it manufactured 17,000 units and sold 13,000 units. Production costs for the year were as follows:

Dicrect Materials $153,000
Direct Labor $110,500
Variable Manf Overhead $204,000
Fixed Manf Overhead $255,000

Sales were $780,000 for the year, variable selling and admin expenses were $88,400, and fixed selling and admin expenses were $170,000. There was no beginning inventory. Assume that direct labor is a variable cost.Under absorption costing, what is the the carrying value on the balance sheet of the ending inventory for the year?

Reference no: EM13604824

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