The cost of materials included abnormal waste of 10000 what


Question - A company incurred the following costs related to the production of inventory in the current year:

Cost of materials$100,000

Cost of direct labor60,000

Allocation of variable overhead costs30,000

Allocation of fixed overhead costs (based on normal production levels)25,000

Storage costs (after production, prior to sale_2,000Selling costs8,000

The cost of materials included abnormal waste of $10,000. What is the cost of inventory in the current year?

$190,000

$205,000

$215,000

$217,000

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Accounting Basics: The cost of materials included abnormal waste of 10000 what
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