Question: In 20x6, Supra Ltd.s net income computed using the variable costing method was $17484, and its net income computed using the absorption costing method was

In 20x6, Supra Ltd.s net income computed using the variable costing method was $17484, and its net income computed using the absorption costing method was $24086. The companys unit product cost was $6.21 under variable costing and $13.45 under absorption costing. The beginning inventory consisted of 3344 units.

What was the companys ending inventory in units?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

In 20x6, Supra Ltd.s net income computed using the variable costing method was $17166, and its net income computed using the absorption costing method was $22208. The companys unit product cost was...

In 20x6, Supra Ltd.s net income computed using the variable costing method was $16633, and its net income computed using the absorption costing method was $24129. The companys unit product cost was...

In 20x6, Supra Ltd.s net income computed using the variable costing method was $17007, and its net income computed using the absorption costing method was $24644. The companys unit product cost was...

Knowledge Check 0 1 When the units produced are equal to the units sold, the net operating income computed using the variable costing method is the net operating income using the absorption costing...

Knowledge Check 0 2 When the units produced exceed the units sold, the net operating income computed using the variable costing method is the net operating income using the absorption costing method....

When the units produced exceed the units sold, the net operating income computed using the variable costing method is _ _ _ _ _ _ the net operating income using the absorption costing method.

When the units produced are equal to the units sold, the net operating income computed using the variable costing method is _ _ _ _ _ _ the net operating income using the absorption costing method.

When the units produced are less than the units sold, the net operating income computed using the variable costing method is the net operating income using the absorption costing method. is less than...

Knowledge Check 0 3 When the units produced are less than the units sold, the net operating income computed using the variable costing method is the net operating income using the absorption costing...

The Right of use asset and lease liability was recognized for fixtures and equipment leased from Christchurch Hire Ltd on 1 April 2021. Based on the lease agreement, there was an initial deposit of...

Waterway Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,420 Current liabilities $151,420 Land 32,610 Bonds payable 101,420 Buildings...

Using R: The logistic regression model from Question 3 can be extended to more variables, by defining the probability p ( x ) = 1 1 + e - ( 0 + 1 x 1 + 2 x 2 ) . ( a ) Write a function moment _...

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

(Appendices) UNCOLLECTIBLE ACCOUNT EXPENSE: CREDIT SALES METHOD. Gilmore Electronics had the following data for a recent year. LO3

(Appendices) PERIODICAND PERPETUAL INVENTORY SYSTEMS. A list of inventory-system characteristics is presented below. Match each characteristic with one of the following: (A) periodic inventory...

(Appendices) SALES, SALES RETURNS, AND SALES ALLOWANCES. The contractor sales department of a Builders Square store in suburban Chicago had the following salesrelated transactions on a recent day: a)...