Cengage X Dsit pS 1 Aary de h napter 9 A6 akeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-assignment-take&inprogress-false eBook Calculator Print Item Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 6,500 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $28.60 Direct labor 15.10 Fixed factory overhead 4.90 Variable factory overhead 4.30 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. $ Absorption costing Variable costing 5:40 PM ^ ) a ew O A 11/2/2019 hp ins prt sc end home f12 delete f11 fh0 fa num & backspace lock

Question

Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept .

Cengage X
Dsit pS 1 Aary de
h
napter 9 A6
akeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-assignment-take&inprogress-false
eBook
Calculator
Print Item
Inventory Valuation under Absorption Costing
and Variable Costing
At the end of the first year of operations, 6,500 units remained in the finished goods inventory. The unit manufacturing
costs during the year were as follows:
Direct materials
$28.60
Direct labor
15.10
Fixed factory overhead
4.90
Variable factory overhead
4.30
Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept
and (b) the variable costing concept.
$
Absorption costing
Variable costing
5:40 PM
^ ) a
ew
O
A
11/2/2019
hp
ins
prt sc
end
home
f12
delete
f11
fh0
fa
num
&
backspace
lock
Expand
Transcribed Image Text

Cengage X Dsit pS 1 Aary de h napter 9 A6 akeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator-assignment-take&inprogress-false eBook Calculator Print Item Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of operations, 6,500 units remained in the finished goods inventory. The unit manufacturing costs during the year were as follows: Direct materials $28.60 Direct labor 15.10 Fixed factory overhead 4.90 Variable factory overhead 4.30 Determine the cost of the finished goods inventory reported on the balance sheet under (a) the absorption costing concept and (b) the variable costing concept. $ Absorption costing Variable costing 5:40 PM ^ ) a ew O A 11/2/2019 hp ins prt sc end home f12 delete f11 fh0 fa num & backspace lock

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