The following data relates to Alpha Company. Units in beginning inventory — Units produced 26,000 Units...
The following data relates to Alpha Company.
| Units in beginning inventory | — |
| Units produced | 26,000 |
| Units sold ($300 per unit) | 21,000 |
| Variable costs per unit: | |
| Direct materials | $35 |
| Direct labor | 70 |
| Variable overhead | 30 |
| Fixed costs: | |
| Fixed overhead per unit produced | $45 |
| Fixed selling and administrative expenses | 160,000 |
Determine the value of ending inventory under variable costing.
a.$550,000
b.$900,000
c.$675,000
d.$525,000
Homework Answers
Inventory (Units) = Opening + Units produced - Closing
Inventory = 0+26000-21000 = 5000
Per Unit value of Inventory = Direct Material + Direct wages + Variable Overhead
Per Unit value of Inventory = 35+70+30 = 135
Total Inventory value under variable costing method = 5000*135 = 675000
Answer C is correct
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