Yankee Corporation manufactures a single product.The company has the following cost structure: Last year, 4, 000 units were produced and 3, 500 units were sold.There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be:
A)$28, 000
B)$24, 500
C)$17, 500
D)$14, 000

Question

Yankee Corporation manufactures a single product.The company has the following cost structure:  Last year, 4, 000 units were produced and 3, 500 units were sold.There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be:
A)$28, 000 
B)$24, 500 
C)$17, 500 
D)$14, 000

Quizplus · Accepted Answer

The Answer of Yankee Corporation manufactures a single product.The company has the following cost structure:  Last year, 4, 000 units were produced and 3, 500 units were sold.There were no beginning inventories. Under absorption costing, the cost of goods sold for the year would be:
A)$28, 000 
B)$24, 500 
C)$17, 500 
D)$14, 000

Yankee Corporation Manufactures a Single Product