Company X provides the following data for the fiscal year 2021 5,000 units produced and...
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Company X provides the following data for the fiscal year 2021 • 5,000 units produced and 4,800 units sold • Selling Price: $2,000 per unit Manufacturing Costs: Variable: Direct Costs $825 per unit Variable MFG $75 per unit |ОН Fixed: $1,200,000 • Selling Costs: $40 per unit variable plus $100,000 fixed. • Administrative Costs: $500,000 per year (fixed). • Beginning FG inventory: 300 units at $1,000 variable cost per unit and $200 fixed cost per unit Overhead costs are allocated per unit. What is the Finished Goods Inventory at the end of 2021? Company X provides the following data for the fiscal year 2021 • 5,000 units produced and 4,800 units sold • Selling Price: $2,000 per unit Manufacturing Costs: Variable: Direct Costs $825 per unit Variable MFG $75 per unit |ОН Fixed: $1,200,000 • Selling Costs: $40 per unit variable plus $100,000 fixed. • Administrative Costs: $500,000 per year (fixed). • Beginning FG inventory: 300 units at $1,000 variable cost per unit and $200 fixed cost per unit Overhead costs are allocated per unit. What is the Finished Goods Inventory at the end of 2021?
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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