Missan,Inc.reports the following information:

There are no beginning inventories.What is the ending balance in Finished Goods Inventory using absorption costing? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )
A)$5,597
B)$2,557
C)$4,080
D)$6,637

Question

Missan,Inc.reports the following information:

There are no beginning inventories.What is the ending balance in Finished Goods Inventory using absorption costing? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar. )
A)$5,597 
B)$2,557 
C)$4,080 
D)$6,637

Quizplus · Accepted Answer

D)
 11ea8a42_4f9d_af00_8b44_5b8723437d81_TB5024_00 Ending Finished Goods Inventory [(560 - 480)× $82.96] = $6,637

Missan,Inc.reports the Following Information