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Business, 12.03.2020 03:27 thompsonmark0616

Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $ 150 per unit Direct materials $ 50 per unit Direct labor $ 11 per unit Variable manufacturing overhead $ 8 per unit Fixed manufacturing overhead $ 18 comma 600 per year Variable selling and administrative costs $ 5 per unit Fixed selling and administrative costs $ 11 comma 200 per year What is the ending balance in Finished Goods Inventory using variable costing if 500 units are sold? A. $ 6 comma 100 B. $ 5 comma 000 C. $ 1 comma 900 D. $ 6 comma 900

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Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 6...
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