The following information is available for Barnes Company for the fiscal year ended December 31: Beginning finished
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Question:
The following information is available for Barnes Company for the fiscal year ended December 31:
| Beginning finished goods inventory in units | 0 | ||
| Units produced | 8,600 | ||
| Units sold | 5,900 | ||
| Sales | $ | 1,180,000 | |
| Materials cost | $ | 172,000 | |
| Variable conversion cost used | $ | 86,000 | |
| Fixed manufacturing cost | $ | 946,000 | |
| Indirect operating costs (fixed) | $ | 118,000 | |
What is the absorption costing operating income ?
Expert Answer:
To calculate the absorption costing operating income we need to determine the total manufacturing co... View the full answer
Related Book For 
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Posted Date:
