Solution-Compute the cost of the ending finished goods

Compute the cost of the ending finished goods inventory

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Reference no: EM133033270

Problem - For Year 2000, Rider Ltd produced 100,000 units and sold 75,000 units. There was no opening inventory. Costs incurred for the production of 100,000 units are:

Direct materials	150,000
Direct labour	187,500
Variable manufacturing overhead	100,000
Variable selling and general expenses	100,000
Fixed manufacturing overhead	200,000
Fixed administrative expenses	100,000

Required -

(a) Compute the cost of the ending finished goods inventory under both absorption and marginal costing.

(b) Compute the cost of goods sold under absorption and marginal costing.

Reference no: EM133033270

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Compute the cost of the ending finished goods inventory

Reference no: EM133033270

Reference no: EM133033270

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