Solved

The Following Information Pertains to Mayberry Corporation What Is the Value of the Ending Inventory Using the

Question 46

Multiple Choice

The following information pertains to Mayberry Corporation:  Beginning inventory 1,000 units  Endling inventory6,000 units Direct labour per unit $40 Direct materials per unit 20 Variable overhead per unit 10Fixed overhead per unit 30 Variable selling and admin. costs per unit 6 Fixed selling and admin. costs per unit 14\begin{array}{llr} \text { Beginning inventory } &1,000 \text { units }\\ \text { Endling inventory} &6,000 \text { units }\\ \text {Direct labour per unit } &\$40\\ \text { Direct materials per unit } &20\\ \text { Variable overhead per unit } &10\\ \text {Fixed overhead per unit } &30\\ \text { Variable selling and admin. costs per unit } &6\\ \text { Fixed selling and admin. costs per unit } &14\\\end{array}

What is the value of the ending inventory using the absorption costing method?


A) $240,000
B) $360,000
C) $420,000
D) $600,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents