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Consider the following information pertaining to a years

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Reference no: EM13598540

Consider the following information pertaining to a year's operations of Youngstown Manufacturing:

  • Units sold 1,400
  • Units produced 1,600
  • Direct labor $4,200
  • Direct materials used 3,500
  • Fixed manufacturing overhead 2,200
  • Variable manufacturing overhead 300
  • Selling and administrative expenses (all fixed) 700
  • Beginning inventories 0
  • Contribution margin 5,600
  • Direct-material inventory, end 800

There are no work-in-process inventories.
1. What is the ending finished-goods inventory cost under absorption costing?
2. What is the ending finished-goods inventory cost under variable costing?

Reference no: EM13598540

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