Betty DeRose, Inc. began its operations on January 1, 2026. Betty produces a single product and...

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Betty DeRose, Inc. began its operations on January 1, 2026. Betty produces a single product and reported the following cost information for 2026 and 2027: 2026 2027 Variable costs per unit: Direct materials $15 $19 Direct labor $18 $20 Variable overhead $12 $13 Variable selling $14 $16 Fixed costs in total: Fixed overhead $198,000 $132,000 $161,000 $158,000 Fixed selling In 2026, Betty produced 22,000 units and sold 15,000 units. In 2027, Betty produced 23,000 units and sold 28,000 units. The selling price per unit was $90 in both years. Calculate the dollar amount of finished goods inventory that would appear on Betty's December 31, 2026 balance sheet using absorption costing. Betty DeRose, Inc. began its operations on January 1, 2026. Betty produces a single product and reported the following cost information for 2026 and 2027: 2026 2027 Variable costs per unit: Direct materials $15 $19 Direct labor $18 $20 Variable overhead $12 $13 Variable selling $14 $16 Fixed costs in total: Fixed overhead $198,000 $132,000 $161,000 $158,000 Fixed selling In 2026, Betty produced 22,000 units and sold 15,000 units. In 2027, Betty produced 23,000 units and sold 28,000 units. The selling price per unit was $90 in both years. Calculate the dollar amount of finished goods inventory that would appear on Betty's December 31, 2026 balance sheet using absorption costing.

Answer rating: 100% (QA)

2026 Units produced 22000 Less Units sold 15000 Ending Invent... View the full answer