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For 2017, Rockford, Inc

Question 179

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For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included:
For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: There was no beginning inventory. Required: a.Compute the ending finished goods inventory under both absorption and variable costing. b.Compute the cost of goods sold under both absorption and variable costing.
There was no beginning inventory.
Required:
a.Compute the ending finished goods inventory under both absorption and variable costing.
b.Compute the cost of goods sold under both absorption and variable costing.

Correct Answer:

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