Question: pls solve i dont have much time only 20 min Sherrill Corporates, 7 points) year of nnaworation produces a cinnt- t structure applied to its
Sherrill Corporates, 7 points) year of nnaworation produces a cinnt- t structure applied to its first During the first year, Sherrill Corporation manufactured 5,000 units and sold 3,800 . There was no beginning or ending work-in-process inventory. Required: a. In presenting inventory on the balance sheet on December 31 , what is the cost of inventory under absorption costing? b. In presenting inventory on the balance sheet on December 31 , what is the cost of inventory under variable costing? c. What is the operating profit using variable costing? d. What is the operating profit using the absorption costing? e. What is the amount of production volume variance under variable costing
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