ACCOUNTING CTG 212 Final Exam Fall 20 value 370 points A company produces a sing

Question

ACCOUNTING CTG 212 Final Exam Fall 20 value 370 points A company produces a single product Vaiable production costs De $134 per unit and vaneble selling and administrative expenses are $4.4 per unit Fixed manufacturing overhead totals s and administration expenses total $54,000. Assuming a beginning inventory of zero, production of unts and sales of 4,300 units, the dollar value of the ending inventory under variable costing would be 50,000 and fixed selling 5,400 O $14.740 O $24.640 O $19,580 O $9900

Explanation / Answer

A. $14,740

Units in ending inventory = Units in beginning inventory + Units produced Units sold

= 0 units + 5,400 units 4,300 units = 1,100 units

Value of ending inventory under variable costing = Unit in ending inventory × Variable production cost

= 1,100 units × $13.4 per unit = $14,740

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