Question: What is the ending inventory under variable costing? Given the following data. Beginning Inventory in Units - 0 Units produced 12,700 Units Sold - 11,300

What is the ending inventory under variable costing?

Given the following data. Beginning Inventory in Units - 0 Units produced 12,700 Units Sold - 11,300 Sales - $400,000 Material Cost (unit level /variable) - $104,000 Variable Conversion Cost Used - $52,000 Fixed Manufacturing Cost (Facility Level) - $65,000 Indirect Operating Cost (fixed) - $83,000 What is the ending inventory under variable costing? Show your complete solution

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