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During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct...

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Accounting

During its first year of operations, the McCormick Company incurred the following manufacturing costs: Direct materials $ 6 per unit Direct labor $ 4 per unit Variable overhead $ 5 per unit Fixed overhead $ 408,000 per year The company produced 34,000 units, and sold 27,500 units, leaving 6,500 units in inventory at year-end. What is the value of ending inventory under variable costing

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