The value of the company's inventory on May 31 under absorption costing would be:
A)$120,000
B)$90,000
C)$75,000
D)$60,000

Name: The value of the company's inventory on May 31 under absorption costing would be: A)$120,000 B)$90,000 C)$75,000 D)$60,000
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Question

Quizplus · Accepted Answer

Under absorption costing, inventory is valued by including both variable and fixed manufacturing costs. The correct value of $120,000 likely includes these costs, making it the appropriate choice.

The Value of the Company's Inventory on May 31 Under