Information from Peterson Company's records for the year ended December 31 is available as follows: Net sales
Fantastic news! We've Found the answer you've been seeking!
Question:
Information from Peterson Company's records for the year ended December 31 is available as follows:
Net sales | $1,400,000 | |
Cost of goods manufactured: | Variable | 630,000 |
Fixed | 315,000 | |
Operating expenses: | Variable | 98,000 |
Fixed | 140,000 | |
Units manufactured | 70,000 | |
Units sold | 60,000 | |
Finished goods inventory, January 1 | None |
There were no work-in-process inventories at the beginning and end of the year. What would be Peterson's finished goods inventory cost at December 31, under the variable (direct) costing Method?
a. $90,000
b. $104,000
c. $105,000
d. $135,000
Expert Answer:
Related Book For 
Posted Date:
