Consider the following information pertaining to a year's operations of Chicago Manufacturing: (Click the icon to...

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Consider the following information pertaining to a year's operations of Chicago Manufacturing: (Click the icon to view the information.) There are no work-in-process inventories. Requirements 1. What is the ending finished-goods inventory cost under absorption costing? 2. What is the ending finished-goods inventory cost under variable costing? Requirements 1 and 2. What is the ending finished-goods inventory cost under absorption costing? What is the ending finished-goods inventory cost under variable costing? (Leave unused cells blank. Round your final answers to the nearest whole dollar.) Requirement 2 Variable costing Production costs: Total Ending finished-goods inventory Requirement 1 Absorption costing Data table Units sold Units produced Direct labor Direct materials used Fixed manufacturing overhead Variable manufacturing overhead Selling and administrative expenses (all fixed) Beginning inventories Contribution margin Direct-material inventory, end Print Done 1,600 2,100 $ 4,100 3,900 2,800 150 550 0 5,800 700 X Consider the following information pertaining to a year's operations of Chicago Manufacturing: (Click the icon to view the information.) There are no work-in-process inventories. Requirements 1. What is the ending finished-goods inventory cost under absorption costing? 2. What is the ending finished-goods inventory cost under variable costing? Requirements 1 and 2. What is the ending finished-goods inventory cost under absorption costing? What is the ending finished-goods inventory cost under variable costing? (Leave unused cells blank. Round your final answers to the nearest whole dollar.) Requirement 2 Variable costing Production costs: Total Ending finished-goods inventory Requirement 1 Absorption costing Data table Units sold Units produced Direct labor Direct materials used Fixed manufacturing overhead Variable manufacturing overhead Selling and administrative expenses (all fixed) Beginning inventories Contribution margin Direct-material inventory, end Print Done 1,600 2,100 $ 4,100 3,900 2,800 150 550 0 5,800 700 X

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1 Absorption Costing a Calculation of the total manufacturing cost per unit Total Manufacturing Cost ... View the full answer