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Calculate the value of ending inventory using total costing

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Reference no: EM131727376

Question - Max industries gathered the following information for the year ended June 30, 20x5

Units produced

17,000 units

Units sold

15,000 units

Direct labour

$27,000

Direct materials used

$63,000

Fixed selling & administrative expenses

$26,000

Variable selling & administrative expenses

$30,000

Fixed manufacturing overhead

$31,000

Variable manufacturing overhead

$37,000

Beginning Inventory

none

Ending inventory

none

Calculate the value of ending inventory using:

Total costing

Direct costing

Reference no: EM131727376

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