Boal pic manufactures car interior parts .In the month of September 20X4, the production overheads...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Boal pic manufactures car interior parts .In the month of September 20X4, the production overheads relating to product LXS46 of 48 000 were included in general admin costs and written off as a period cost.
At 1 September 20X4 there were 100 units of LX540 in invento During September the company produced 1.500 units of the product, and at month end had 120 units remaining in inventory
Assuming that Boal values inventory on a FIFO basis, net profit for the month of September 20X4 is currently
A. understated by 3,600
B. overstated by 3,600
C. understated by 3,840
D. overstated by 3,840
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.