Glen Oak Corp obtained the following information from its absorption costing accounting records:
$$\begin{array} { l r }
\text { Operating Income } & \$ 1,000 \
\text { Total Product Costs incurred during the period } & \$ 18,000 \
\text { Value of Beginning Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Value of Ending Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Sales } & \$ 30,000
\end{array}$$ Calculate the total Period Costs incurred this period.

Question

Glen Oak Corp obtained the following information from its absorption costing accounting records:
 $$\begin{array} { l r } 
\text { Operating Income } & \$ 1,000 \
\text { Total Product Costs incurred during the period } & \$ 18,000 \
\text { Value of Beginning Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Value of Ending Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Sales } & \$ 30,000
\end{array}$$ Calculate the total Period Costs incurred this period.

Quizplus · Accepted Answer

The Answer of Glen Oak Corp obtained the following information from its absorption costing accounting records:
 $$\begin{array} { l r } 
\text { Operating Income } & \$ 1,000 \
\text { Total Product Costs incurred during the period } & \$ 18,000 \
\text { Value of Beginning Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Value of Ending Work-in-Process and Finished Goods Inventories } & \$ 0 \
\text { Sales } & \$ 30,000
\end{array}$$ Calculate the total Period Costs incurred this period.

Glen Oak Corp Obtained the Following Information from Its Absorption