For 2011, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included:
Required:
a. Compute the ending finished goods inventory under both absorption and variable costing.
b. Compute the cost of goods sold under both absorption and variable costing.

Question

For 2011, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included:
   Required:
a. Compute the ending finished goods inventory under both absorption and variable costing.
b. Compute the cost of goods sold under both absorption and variable costing.

Quizplus · Accepted Answer

The Answer of For 2011, Nichols, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included:
   Required:
a. Compute the ending finished goods inventory under both absorption and variable costing.
b. Compute the cost of goods sold under both absorption and variable costing.