Question: Miller Co. started operations on January 1, 20x8. Data for the first year of operations is as follows: 20x8 Production (units) 78409 Sales (units) 50541

Miller Co. started operations on January 1, 20x8. Data for the first year of operations is as follows:

20x8

Production (units)

78409

Sales (units)

50541

Selling price

$85

Variable costs

Production

47

Selling and administrative

18

Fixed costs

Production

993684

Selling and administrative

546081

What is the cost of goods sold for 20x8 if absorption costing is used?

Select one:

a. $4277669

b. $1511404

c. $3015937

d. $926874

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