Columbia Corporation produces a single product. The company's variable costing income statement for November appears below: During November, 35,750 units were manufactured and 8,340 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.The value of the company's inventory on November 30 under absorption costing would be:
A) $34,900
B) $55,840
C) $45,370
D) $60,840

Question

Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:  During November, 35,750 units were manufactured and 8,340 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.The value of the company's inventory on November 30 under absorption costing would be:
A) $34,900 
B) $55,840 
C) $45,370 
D) $60,840

Quizplus · Accepted Answer

The Answer of Columbia Corporation produces a single product. The company's variable costing income statement for November appears below:  During November, 35,750 units were manufactured and 8,340 units were in beginning inventory. Variable production costs per unit, total fixed manufacturing expenses, and the number of units produced were the same in prior months.The value of the company's inventory on November 30 under absorption costing would be:
A) $34,900 
B) $55,840 
C) $45,370 
D) $60,840

Columbia Corporation Produces a Single Product