Swanson,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. )
A)$7,329
B)$17,400
C)$31,929
D)$24,729

Question

Swanson,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. )
A)$7,329 
B)$17,400 
C)$31,929 
D)$24,729

Quizplus · Accepted Answer

D)Ending Finished Goods Inventory = Unsold units × Total unit product cost* = 700 units produced - 400 units sold)× $82.43 = $24,729
 11ea8a42_4f9d_87ed_8b44_f78fdcff1a13_TB5024_00 Fixed manufacturing overhead
 11ea8a42_4f9d_87ee_8b44_65bffc8edb31_TB5024_00