Purchase Solution

Carrying value of Inventory

Not what you're looking for?

Ask Custom Question

Use the following to answer question 59:

The following data pertain to one month's operations of Whitney, Inc.:
Units in beginning inventory -0-
Units produced 9,000
Units sold 8,000

Variable costs per unit:
Manufacturing $10
Selling and administrative $6
Fixed costs in total:
Manufacturing $18,000
Selling and administrative $27,000

59. The carrying value on the balance sheet of the ending finished goods inventory under absorption costing would be:
A) $16,000. C) $12,000.
B) $10,000. D) $21,000.

Purchase this Solution

Solution Summary

This explains the computation of carrying value of inventory under absorption costing method.

Solution Preview

Total cost of 9000 units= Variable cost + Fixed cost
(As absorption costing include both variable and ...

Purchase this Solution


Free BrainMass Quizzes
MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Marketing Research and Forecasting

The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.

Transformational Leadership

This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.

Basic Social Media Concepts

The quiz will test your knowledge on basic social media concepts.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.