Multiple Choice
Greenlam Inc.started the year with 200 units in the Finished Goods Inventory account.It produced 600 units during the year and sold 800 units.If Greenlam uses variable costing:
A) its operating profit for the period will be higher than absorption costing.
B) its operating profit for the period will be lower than absorption costing.
C) its value of ending inventory reported in the balance sheet will be higher than absorption costing.
D) its operating profit will be the same under absorption costing.
Correct Answer:
Verified
Correct Answer:
Verified
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