Expected to operate at normal capacity, Golden Corporation plans to manufacture 275,000 units of products in 2013, and the following estimates with respect to sales: Sales in units 250,000 Unit selling price $35.00 Finished goods inventory on December 31, 2012 is estimated at 25,000 units costing $500,000. Included in this amount is the fixed manufacturing overhead amounting to $300,000. No changes in both the fixed manufacturing cost and the variable cost per unit of produce are expected in 2013. 33. What is the estimated income from manufacturing using the absorption costing method? a. $3,250,000  b. $3,450,000  c. $3,550,000  d. $3,750,000 10. What is the estimated income from manufacturing using the variable costing method? a. $3,150,000  b $3,550,000  c. $3,450,000  d. $3,750,000

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Inventory Accounting

Inventory accounting is that branch of accounting that helps in determining the specific value of assets at different stages of production and development.