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Compute cost of finished goods in inventory

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Question - Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year 39,000 units

Units sold this year 23,400 units

Direct materials $23per unit

Direct labor $25per unit

Variable overhead $3per unit

Fixed overhead $195,000 in total

Given Advanced Company's data, compute cost of finished goods in inventory under absorption costing.

a. $873,600

b. $2,184,000

c. $1,310,400

d. $795,600

e. $1,193,400

Reference no: EM132617359

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