Costmore Manufacturing Has Provided the Following Operating Results for Its
Question 48
Question 48
Multiple Choice
Costmore Manufacturing has provided the following operating results for its first year operations: Beginning inventory of finished goods Units produced (no work in process) Units sold Units in ending inventory of finished goods Sales price Variable manufacturing costs manufactured Variable selling and administrative expenses sold Fixed manufacturing costs for the year Fixed selling and administrative expenses for the year 022,00018,0004,000$55 per unit $25 per unit $7 per unit $110,000$124,000 - Using the absorption costing method, cost of goods manufactured for the year is:
A) $450,000 B) $660,000 C) $550,000 D) $900,000
Correct Answer:
Verified
Unlock this answer now Get Access to more Verified Answers free of charge