They sold 83000 units for 65 each during the year and


Problem - Besse, Ltd. manufactures a single product that had the following cost structure this year:

  • Variable Manufacturing Cost per unit: $12
  • Variable Selling and Administrative cost per unit: $8
  • Fixed Manufacturing Cost, Total: $1,364,000
  • Fixed Selling and Administrative Costs, Total: $558,000

They sold 83,000 units for $65 each during the year, and produced 92,000 units. What is the ending finished goods inventory under variable costing?

Solution Preview :

Prepared by a verified Expert
Accounting Basics: They sold 83000 units for 65 each during the year and
Reference No:- TGS02539422

Now Priced at $25 (50% Discount)

Recommended (90%)

Rated (4.3/5)