What is the ending finished-goods inventory cost under, Accounting Basics

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What is the ending finished-goods inventory cost under

Consider the following information pertaining to a year's operations of Youngstown Manufacturing:
Units sold 1,400
Units produced 1,600
Direct labor $4,200
Direct materials used 3,500
Fixed manufacturing overhead 2,200
Variable manufacturing overhead 300
Selling and administrative expenses (all fixed) 700
Beginning inventories 0
Contribution margin 5,600
Direct-material inventory, end 800
There are no work-in-process inventories.
1. What is the ending finished-goods inventory cost under absorption costing?
2. What is the ending finished-goods inventory cost under variable costing?

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Accounting Basics: What is the ending finished-goods inventory cost under

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Accounting Basics: What is the ending finished-goods inventory cost under

Reference No:- TGS0705663

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Recent Questions Asked Accounting Basics

Q : What was the total materials cost incurred this period

Q : What do you conclude about the distribution

Q : What was the companys revenue for the year

Q : How much will your stocks be worth on june

Q : What is the ending finished-goods inventory cost under

Q : What entry is made in january to record the sale

Q : How to the value of the land is undeterminable

Q : Prepare a condensed income statement for the year

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Accounting Basics: What is the ending finished-goods inventory cost under

Reference No:- TGS0705663

Recent Questions Asked Accounting Basics

Q : What was the total materials cost incurred this period

Q : What do you conclude about the distribution

Q : What was the companys revenue for the year

Q : How much will your stocks be worth on june

Q : What is the ending finished-goods inventory cost under

Q : What entry is made in january to record the sale

Q : How to the value of the land is undeterminable

Q : Prepare a condensed income statement for the year

Q : Why does insider trading breach that duty

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