Reference no: EM132565559

For the current year boss inc. had sales of 42,000 units and production of 50,000. other information for the year included:

direct manufacturing labour $169,900

Variable manufacturing overhead 73500

direct material 62300

variable selling expense 21000

fixed administrative expenses 224000

fixed manufacturing overhead 125,500

there was no beginning inventory

Required:

Question a. Compute the ending finished goods inventory under both absorption and variable costing

Question b. Compute the cost of goods sold under both absorption and variable costing