Carrying value of Inventory
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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.
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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 ...
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