Question: DIE 3.3 p This is the same information as the prior two questions. Shelley Company gives you the following information for the three most recent
DIE 3.3 p This is the same information as the prior two questions. Shelley Company gives you the following information for the three most recent years of operations. There is purposefully not enough information to do income statements. They are not required to do the questions and will involve more work than necessary. They started 2015 with zero inventories. They wa Absorption Costing for financial reporting and Direct Costing for internal purposes. 2015 2016 2017 Production 100 units BO units 120 units Sales 80 units 75 units 130 units Direct cost per unit $15 $15 $15 Total Fixed Overhead $720 $720 $720 Assuming Shelley Company uses FIFO, what is the value of the ending inventory at the end of 2016 unde Absorption costing? $600 $375 $564 $555 Cannot be determined with the information given
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