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QUESTION
Besse, Ltd. manufactures a single product that had the following cost structure this year: Variable Manufacturing Cost per unit: $12 Variable Selling...
Besse, Ltd. manufactures a single product that had the following cost structure this year:
- Variable Manufacturing Cost per unit: $12
- Variable Selling and Administrative cost per unit: $8
- Fixed Manufacturing Cost, Total: $1,364,000
- Fixed Selling and Administrative Costs, Total: $558,000
They sold 83,000 units for $65 each during the year, and produced 92,000 units. What is the ending finished goods inventory under variable costing?
