The annual data that follow pertain to Sam's Superb Eyewear, a manufacturer of swimming goggles. (Sam's Superb Eyewear had no begining Finished Goods Inventory in January.)

 

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conv ation perb E Derb E (Abso ed Dece Data table Number of goggles produced Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs. $ 160,000 120,000 25 8 4 960,000 210,000 x ce conv ation perb E Derb E (Abso ed Dece Data table Number of goggles produced Number of goggles sold Sales price per unit Variable manufacturing cost per unit Sales commission cost per unit Fixed manufacturing overhead Fixed selling and administrative costs. $ 160,000 120,000 25 8 4 960,000 210,000 x ce

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aAbsorption costing values the inventory at full cost This means the cost of inventory contains both the variable and fixed costs On the other hand variable costing marginal costing values inventory a... View the full answer