The ending inventory of finished goods has a total cost of $10,000 and consists of 500 units.

Question:

The of finished goods has a total cost of $10,000 and consists of 500 units. If the overhead applied to these goods is $2,000, and the overhead rate is 50% of direct labor, how much direct materials cost was incurred in producing these units?A. $4,000B. $6,000C. $3,000D. $7,000E. $10,000
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...