Sheffield Corp. sells its product for $90 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $22, direct labor $15, and variable overhead $4. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Ending inventory under variable costing is

• $900000
• $2050000
• $410000
• $530000

Answer rating: 100% (QA)

Answer is 410000 Particulars Amt Direct Material 2... View the full answer