Jordan Manufacturing has the following cost information for year 20X9: During 20X9, Jordan produced 12,500 units, out of which 11,000 were sold for $60 each. What is Jordan's net income assuming the company uses absorption costing:
A)$421,600.
B)$412,000.
C)$425,000.
D)$457,600.
E)None of the answers is correct.

Question

Jordan Manufacturing has the following cost information for year 20X9:  During 20X9, Jordan produced 12,500 units, out of which 11,000 were sold for $60 each. What is Jordan's net income assuming the company uses absorption costing:
A)$421,600. 
B)$412,000. 
C)$425,000. 
D)$457,600. 
E)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Jordan Manufacturing has the following cost information for year 20X9:  During 20X9, Jordan produced 12,500 units, out of which 11,000 were sold for $60 each. What is Jordan's net income assuming the company uses absorption costing:
A)$421,600. 
B)$412,000. 
C)$425,000. 
D)$457,600. 
E)None of the answers is correct.

Jordan Manufacturing Has the Following Cost Information for Year 20X9