What is the ending finished-goods inventory cost under absorption costing?

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

13-B3 Comparison of Variable Costing and Absorption Costing

 

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

 

Units sold 1,400 1400
Units produced 1,600 1600
Direct labor $4,200 4200
Direct materials used 3,500 3500
Fixed manufacturing overhead 2,200 2200
Variable manufacturing overhead 300 300
Selling and administrative expenses (all fixed) 700 700
Beginning inventories 0 0
Contribution margin 5,600 5600
Direct-material inventory, end 800 800

 

There are no work-in-process inventories.

 

Instructions

  1. What is the ending finished-goods inventory cost under absorption costing?

 

 

  1. What is the ending finished-goods inventory cost under variable costing?

 

 

 

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