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Homework answers / question archive / Inventory Cost under Absorption and Variable Costing  During the most recent year, Durham Inc

Inventory Cost under Absorption and Variable Costing  During the most recent year, Durham Inc

Accounting

Inventory Cost under Absorption and Variable Costing 
During the most recent year, Durham Inc. had the following data associated with the product it makes: 
Units in beginning inventory Units produced 18,500 Units sold ($180 per unit) 15,000 Variable costs per unit: Direct materials $33 Direct labour $62 Variable overhead $29 Fixed costs: Fixed manufacturing overhead per unit produced $18 Fixed selling and administrative expense $180,000 
Required: 
1. How many units are in ending inventory? 
3,500 units 2. Using absorption costing, calculate the per-unit product cost. What is the value of ending inventory? Unit product cost $ Value of ending inventory $ 

3. Using variable costing, calculate the per-unit product cost. What is the value of ending inventory? 
Unit product cost $ 
Value of ending inventory 

4. Calculate operating income using absorption costing. 
$1 
5. Calculate operating income using variable costing. $ 

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