Given Advanced Company's data,compute cost of finished goods in inventory under absorption costing.
A)$285,000
B)$712,500
C)$427,500
D)$230,000
E)$345,000

Question

Quizplus · Accepted Answer

Explanation:Cost of finished goods in inventory under absorption costing = Direct materials + Direct labor + Manufacturing overhead + Variable manufacturing overhead + Fixed manufacturing overhead= $105,000 + $120,000 + $150,000 + $12,500 + $0= $285,000

Given Advanced Company's Data,compute Cost of Finished Goods in Inventory