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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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
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