Question: Q2. (10 marks) For the current year, Bose Inc., had sales of 42,000 units and production of 50,000 units. Other information for the year included:

 Q2. (10 marks) For the current year, Bose Inc., had sales

Q2. (10 marks) For the current year, Bose Inc., had sales of 42,000 units and production of 50,000 units. Other information for the year included: Direct manufacturing labour$169,900 Variable manufacturing overhead73,500 Direct materials62,300 I Variable selling expenses21,000 Fixed administrative expenses224,000 Fixed manufacturing overhead125,500 There was no beginning inventory. Required: a.Compute the ending finished goods inventory under both absorption and variable costing. b.Compute the cost of goods sold under both absorption and variable costing

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