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Kindly answer the following questions correctly L06 M17-19. Absorption and Variable Costing; Inventory Valuation...

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Accounting

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L06 M17-19. Absorption and Variable Costing; Inventory Valuation Bondware Inc. has a highly automated assembly line that uses very little direct labor. Therefore, di- rect labor is part of variable overhead. For March, assume that it incurred the following unit costs: MBC Direct materials. Variable overhead Fixed overhead. $450 250 550 The 1,200 units of beginning inventory for March had an absorption costing value of $1,500,000 and a variable costing value of $840,000. For March, assume that Bondware Inc. produced 3,000 units and sold 3,500 units. REQUIRED Compute Bondware's March amount of ending inventory under both absorption and variable cost- ing if the FIFO inventory method was used. L06 M17-20. Absorption and Variable Costing; Cost of Goods Sold Use data from Mini Exercise 17-19. MBC REQUIRED Compute Bondware's March Cost of Goods Sold using both the variable and absorption costing methods

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