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Swanson, Inc. has collected the following data. (There are no beginning inventories.)

Units produced   600   units
Sales price   $120   per unit
Direct materials   $20   per unit
Direct labor   $12   per unit
Variable manufacturing overhead   $6   per unit
Fixed manufacturing overhead   $17,400   per year
Variable selling and administrative costs   $5   per unit
Fixed selling and administrative costs   $13,700   per year

What is the ending balance in Finished Goods Inventory using absorption costing if 550 units are sold? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
A) $1,900
B) $1,450
C) $3,350
D) $4,742
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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8 years ago
Makes perfect sense, thx
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