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What was the carrying value on the balance sheet

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Reference no: EM132565363

The following data pertain to one month's operations of Whitney, Inc.:

Units in beginning inventory        0

Units produced                        9,000

Units sold                                   8,000

Variable costs per unit:

Manufacturing                 $10

Selling and administrative     $6

Fixed costs in total

Manufacturing                           $18,000

Selling and administrative              $27,000

Question 1: What was the carrying value on the balance sheet of the ending finished goods inventory under variable costing?

A. $10,000.

B. $12,000.

C. $16,000.

D. $19,000.

Question 2: What was the carrying value on the balance sheet of the ending finished goods inventory under absorption costing?

A. $10,000.

B. $12,000.

C. $16,000.

D. $21,000.

Reference no: EM132565363

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