The 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 Cost of goods sold using variable costing is: $120,000 $40,000 $144,000 $110,000

Cost of goods sold: Cost of goods sold is the total of all the expenses incurred by a company to…

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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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The 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

Cost of goods sold using variable costing is:

		$120,000
		$40,000
		$144,000
		$110,000

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