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Ginsberg Limited Has Provided the Following Information for the Year

Question 128

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Ginsberg Limited has provided the following information for the year ended April 30, 20X1. Ginsberg Limited has provided the following information for the year ended April 30, 20X1.   Required: a. What is the ending finished-goods inventory cost under variable costing? b. What is the ending finished-goods inventory cost under absorption costing? Required:
a. What is the ending finished-goods inventory cost under variable costing?
b. What is the ending finished-goods inventory cost under absorption costing?

Correct Answer:

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a. ($77,500 + $49,800 + $35,100)/11,200 ...

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