In 20x6, Supra Ltd.’s net income computed using the variable costing method was $17007, and its...
In 20x6, Supra Ltd.’s net income computed using the variable costing method was $17007, and its net income computed using the absorption costing method was $24644. The company’s unit product cost was $7.15 under variable costing and $13.91 under absorption costing. The beginning inventory consisted of 3452 units. What was the company’s ending inventory in units? Select one:
a. 47980 units
b. 4582 units
c. 1000 units
d. 3452 units
Homework Answers
Fixed manufacturing overhead cost per unit = 13.91-7.15 = 6.76
Difference in net income = 24644-17007 = 7637
Difference in inventory unit = 7637/6.76 = 1130
Ending inventory = 3452+1130 = 4582
So answer is b) 4582
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