During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials,
Posted: Sun Jul 03, 2022 3:50 pm
Company incurred the following manufacturing costs: Direct materials, $5 per unit, Direct labor, $3 per unit, Variable overhead, $4 per unit, and Fixed overhead, $363,000. The company produced 33,000 units, and sold 27,000 units, leaving 6,000 units in inventory at year-end. What is the value of ending inventory under variable costing? Multiple Choice O OOO $72,000 $138,000 $66,000 $363,000 $435,000
During its first year of operations, the McCormick