Solution-Find what the beginning inventory must have been

Find what the beginning inventory must have been

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Problem 1: DEF Company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was Php7,400 and its net operating income computed by the variable costing method was Php10,000. The company's unit product cost was Php17 under variable costing and Php22 under absorption costing. If the ending inventory consisted of 1,480 units, the beginning inventory must have been

Option 1: 920 units

Option 2: 2,000 units

Option 3: 1,460 units

Option 4: 12,700 units

Option 5: Answer not given

Reference no: EM132746808

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Find what the beginning inventory must have been

Reference no: EM132746808

Reference no: EM132746808

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