he following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 4,800 Units sold 4,000 Sales $ 400,000 Materials cost $ 96,000 Variable conversion cost used $ 48,000 Fixed manufacturing cost $ 72,000 Indirect operating costs (fixed) $ 80,000 The absorption costing ending inventory is: $8,000 $24,000 $36,000 $40,000
he following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished goods inventory in units 0 Units produced 4,800 Units sold 4,000 Sales $ 400,000 Materials cost $ 96,000 Variable conversion cost used $ 48,000 Fixed manufacturing cost $ 72,000 Indirect operating costs (fixed) $ 80,000 The absorption costing ending inventory is: $8,000 $24,000 $36,000 $40,000
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter2: Job Order Costing
Section: Chapter Questions
Problem 6BE: Cost of goods sold Pine Creek Company completed 200,000 units during the year at a cost of...
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Question
he following information is available for Barnes Company for the fiscal year ended December 31:
The absorption costing ending inventory is:
Beginning finished goods inventory in units | 0 | ||
Units produced | 4,800 | ||
Units sold | 4,000 | ||
Sales | $ | 400,000 | |
Materials cost | $ | 96,000 | |
Variable conversion cost used | $ | 48,000 | |
Fixed |
$ | 72,000 | |
Indirect operating costs (fixed) | $ | 80,000 | |
$8,000
|
||
$24,000
|
||
$36,000
|
||
$40,000
|
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