Company O produced 300 units in 2021 and sold 280 units at $40 each. Other...
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Accounting
Company O produced 300 units in 2021 and sold 280 units at $40 each. Other information for Company O is as follows:
| Direct Materials | $5/unit | Variable Selling and Administrative | $1.50/unit |
| Direct Labor | $10/unit | Fixed Overhead | $600 |
| Variable Overhead | $3/unit | Fixed Selling and Administrative | $400 |
What is the Cost of Goods Sold using Absorption Costing?
- A.
$5,600
- B.
$5,639.20
- C.
$5,460
- D.
$5,040
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