The Southern Corporation manufactures a single product and has the following cost structure: Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.
Under absorption costing, the cost of goods sold for the year would be:
A) $258,400
B) $394,400
C) $353,600
D) $398,400

Question

The Southern Corporation manufactures a single product and has the following cost structure:  Last year, 7,000 units were produced and 6,800 units were sold. There was no beginning inventory.
Under absorption costing, the cost of goods sold for the year would be:
A) $258,400 
B) $394,400 
C) $353,600 
D) $398,400

Quizplus · Accepted Answer

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The Southern Corporation Manufactures a Single Product and Has the Following