Hornitos Company produced 30,000 units and sold 29,000 units in 2016. Beginning inventory was zero. During the period, the following costs were incurred:
Compute the dollar amount of ending inventory using:
a. Absorption costing
b. Variable costing

Question

Hornitos Company produced 30,000 units and sold 29,000 units in 2016. Beginning inventory was zero. During the period, the following costs were incurred:
  Compute the dollar amount of ending inventory using: 
a. Absorption costing
b. Variable costing

Quizplus · Accepted Answer

The Answer of Hornitos Company produced 30,000 units and sold 29,000 units in 2016. Beginning inventory was zero. During the period, the following costs were incurred:
  Compute the dollar amount of ending inventory using: 
a. Absorption costing
b. Variable costing

Hornitos Company Produced 30,000 Units and Sold 29,000 Units in 2016