Question: This is the same information as the prior two questions. Billboard Co gives you the following information for the three most recent years of operations.
This is the same information as the prior two 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 80 units 120 units B0 units 75 unita 130 unita Direct cost per unit 515 $15 $15 Total Tixed Overhead $720 $720 $720 Assuming Billboard uses TIFO, what is the value of the ending inventory at the end of 2016 under Absorption coating? 5600 $375 $564 5555 Cannot be determined with the information given
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