Question: Question 18 3.3 pts This is the same information as the prior three questions. Billboard Co gives you the following information for the three most
Question 18 3.3 pts This is the same information as the prior three questions. Billboard Co gives you the following information for the three most recent years of operations. There is purposefully not enough information to do income statements. They are NOT required to do the questions and will involve more work than necessary. They started 2015 with zero inventories. They use Absorption Costing for financial reporting and Direct Coating for internal purposes. 2015 2016 2017 Production 100 units BO unica 120 units Sales 80 units 75 units 130 units Direct cost per unit $15 $15 Total Fixed Overhead $720 $720 5720 $15 Assuming Billboard use LITO, what is the value of the ending inventory at the end of 2016 under Absorption coating? $600 0 $375 5564 3555 Cannot be determined with the internation given
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
