Mackenzie,Inc.has collected the following data.(There are no beginning inventories. )

What is the ending balance in Finished Goods Inventory using absorption costing if 400 units are sold? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )

Question

Mackenzie,Inc.has collected the following data.(There are no beginning inventories. )

What is the ending balance in Finished Goods Inventory using absorption costing if 400 units are sold? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )

Quizplus · Accepted Answer

D)
Ending Finished Goods Inventory = Unsold units × Total unit product cost* = 700 units produced - 400 units sold)× $76.86 = $23,058
 11ea86ed_2b81_59f5_8b27_ab211b378d0c_TB3056_00 Fixed manufacturing overhead
 11ea86ed_2b81_8106_8b27_dfe38d7a0965_TB3056_00