A cracker and cookie manufacturer has the following unit costs for the month of June:...
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Accounting
A cracker and cookie manufacturer has the following unit costs for the month of June:
Variable
Variable
Fixed
Fixed
manufacturing
marketing
manufacturing
marketing
cost
cost
cost
cost
$5.00
$3.50
$2.00
$4.00
- A total of 100,000 units were manufactured during June, 10,000 of which remain in ending inventory. The manufacturer uses the first-in, first-out (FIFO) inventory method, and the 10,000 units are the only finished goods inventory at month end. Using the full absorption costing method, the manufacturer's finished goods inventory value would be
- A.
- $70,000
- B.
- $85,000
- C.
- $50,000
- D.
- $145,000
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