The following data are available for the ABC Manufacturing Company for the year 2010, its first...

 

Transcribed Image Text:

The following data are available for the ABC Manufacturing Company for the year 2010, its first year of operations: Beginning inventory in units Units produced Units sold Sales Material cost (unit level) Variable conversion cost used Indirect manufacturing cost Indirect operating costs 0 4,800 4,000 $400,000 $48,000 $96,000 $72,000 $80,000 Required: Calculate cost of goods sold under throughput costing, variable costing and absorption costing. The following data are available for the ABC Manufacturing Company for the year 2010, its first year of operations: Beginning inventory in units Units produced Units sold Sales Material cost (unit level) Variable conversion cost used Indirect manufacturing cost Indirect operating costs 0 4,800 4,000 $400,000 $48,000 $96,000 $72,000 $80,000 Required: Calculate cost of goods sold under throughput costing, variable costing and absorption costing.

Answer rating: 100% (QA)

We are asked to calculate the cost of goods sold under three costing methods absorption variable and throughput Lets look at how cost would be calcula... View the full answer