Walker’s Manufacturing began its operations on January 1 of the current year. Walker produced 10,000 units during the year, sold 8,000 units at an average cost of $22 per unit, and had 2,000 units in ending inventory. Variable production cost were $14 per unit, variable selling expenses were $2 per unit, fixed overhead totaled $12,000, and fixed selling and administrative expenses totaled $30,000. Under variable costing, what was Walker’s ending inventory on the balance sheet?
A) $8,000
B) $28,000
C) $30,000
D) $30,400

Question

Quizplus · Accepted Answer

The Answer of Walker’s Manufacturing began its operations on January 1 of the current year. Walker produced 10,000 units during the year, sold 8,000 units at an average cost of $22 per unit, and had 2,000 units in ending inventory. Variable production cost were $14 per unit, variable selling expenses were $2 per unit, fixed overhead totaled $12,000, and fixed selling and administrative expenses totaled $30,000. Under variable costing, what was Walker’s ending inventory on the balance sheet?
A) $8,000
B) $28,000
C) $30,000
D) $30,400

Walker’s Manufacturing Began Its Operations on January 1 of the Current