Calculation of Ending Finished Goods Inventory
Not what you're looking for?
Answer questions on Comparison of Variable Costing and Absorption Costing attached. Please show work.
Youngstown Manufacturing and Chan Manufacturing Company.
Purchase this Solution
Solution Summary
Response provides the steps of calculation of ending finished goods inventory under absorption costing.
Solution Preview
Q1.
Calculation of Ending finished goods inventory under Absorption costing
1) Step 1 : We will calculate the Manufacturing costs for the total unit production of 1600 units
Cost of Goods Sold= Direct Labor + Direct Materials used + Variable manufacturing overhead+Fixed Manufacturing Overhead
=4200+3500+300+2200
$10,200.00
2) Step 2 : Calculate the Ending finished goods inventory
Cost of 1600 units =$8000 (As calculated in Step 1)
Cost per unit= 10200/1600=$6.38 per unit
Cost of ending inventory of 200 ...
Purchase this Solution
Free BrainMass Quizzes
Pricing Strategies
Discussion about various pricing techniques of profit-seeking firms.
Basics of Economics
Quiz will help you to review some basics of microeconomics and macroeconomics which are often not understood.
Economic Issues and Concepts
This quiz provides a review of the basic microeconomic concepts. Students can test their understanding of major economic issues.
Elementary Microeconomics
This quiz reviews the basic concept of supply and demand analysis.
Economics, Basic Concepts, Demand-Supply-Equilibrium
The quiz tests the basic concepts of demand, supply, and equilibrium in a free market.