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What is the value of the july finished goods inventory

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Problem - KCO Corporation manufactures a single product. During the month of July, 10,000 units were sold for $900, while 8,000 units were produced. Their July variable costing income statement showed the following expenses:

  • Variable Cost of Goods Sold: $1,800,000
  • Variable Selling and Administrative: $540,000
  • Fixed Manufacturing: $1,440,000
  • Fixed Selling and Administrative: $450,000

If July 1 inventory was 2,300 units, what is the value of the July 31 finished goods inventory under absorption costing?

Reference no: EM131743906

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