cost of finished goods inventory:
absorption costing = Unit cost * Finished goods inventory units
Variable costing = Unit cost * Finished goods inventory units
Absorption costing =(27.20+18.60+5.10+4.50)*5,600 = $ 310,240 (Answer)
Variable costing = (27.20+18.60+4.50)* 5,600 = $ 281,680 (Answer)
Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of...
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