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4 April, 19:26

Snowy Mountain Company has the following selected data for the past year:

Units sold during year 30,000

Units produced during year 45,000

Units in ending inventory 15,000

Variable manufacturing cost per unit $4.50

Fixed manufacturing overhead (in total) $20,250

Selling price per unit $12.00

Variable selling and administrative expense per unit $1.00

Fixed selling and administrative expenses (in total) $4,000

There were no units in beginning inventory.

a. Prepare an income statement for last year using absorption costing. b. Calculate the value of the ending inventory using absorption costing.

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  1. 4 April, 21:25
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    Am nevoie de Puncte
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