Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12.Costs for last year were as follows:
Assuming that beginning inventory was zero, what is the value of ending inventory under variable costing?
A) $3,300
B) $2,500
C) $5,000
D) $3,720
E) $7,200

Question

Last year, Fabre Company produced 20,000 units and sold 18,000 units at a price of $12.Costs for last year were as follows: ​
 Assuming that beginning inventory was zero, what is the value of ending inventory under variable costing?
A) $3,300 
B) $2,500 
C) $5,000 
D) $3,720 
E) $7,200

Quizplus · Accepted Answer

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Last Year, Fabre Company Produced 20,000 Units and Sold 18,000