Oriental Company uses the perpetual system. The following information has been extracted from the records about one product: DATE UNITS UNIT COST TOTAL COST Panuary 1 January 6 February 5 Beg Inventory 8,000 3,000 10,000 70 70.5 560,000 211,500 Purchase Sale 808,500 58,800 March 5 Purchase 11,000 73.5 March 8 Purchase Return 800 73.5

Oriental Company uses the perpetual system. The following information has been extracted from the records about one product: DATE UNITS UNIT COST TOTAL COST Panuary 1 January 6 February 5 Beg Inventory 8,000 3,000 10,000 70 70.5 560,000 211,500 Purchase Sale 808,500 58,800 March 5 Purchase 11,000 73.5 March 8 Purchase Return 800 73.5

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter18: Pricing And Profitability Analysis

Section: Chapter Questions

Problem 24E: Banwood Company has the following information for 20x1: There were no beginning inventories. What is...

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Banwood Company has the following information for 20x1: There were no beginning inventories. What is the ending inventory for Banwood using the absorption costing method? a. 300,000 b. 180,000 c. 120,000 d. 80,000
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