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