Question: A firm uses backflush costing and values inventory using throughput accounting . All actual cost amounts are equal to budgeted amounts. The firm has NO

  1. A firm uses backflush costing and values inventory using throughput accounting. All actual cost amounts are equal to budgeted amounts. The firm has NO variable overhead.

    Total DM $10,000
    Total DL $4,000
    Total Fixed OH $7,000
    Total completed and in process 20,000 units
    Units in finished goods 150
    Units in process 100

    The firm has $50 of raw materials at the end of the period. Which of the following is the correct balance for COGS after inventory costs have been backflushed?

    a.

    $9,825
    b.

    $13,775
    c.

    $13,825
    d.

    $9,875

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