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Ellis Corporation The Following Information Was Extracted from the First Year Absorption-Based

Question 186

Multiple Choice

Ellis Corporation
The following information was extracted from the first year absorption-based accounting records of Ellis Corporation

Total fixed costs incurred	$100,000
Total variable costs incurred	50,000
Total period costs incurred	70,000
Total variable period costs incurred	30,000
Units produced	20,000
Units sold	12,000
Unit sales price	$12

Refer to Ellis Corporation.What is Cost of Goods Sold for Ellis Corporation's first year?

A) $80,000
B) $90,000
C) $48,000
D) can't be determined from the information given