Miller Co. started operations on January 1, 20x8. Data for the first year of operations...
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Accounting
Miller Co. started operations on January 1, 20x8. Data for the first year of operations is as follows:
|
| 20x8 | |
| Production (units) | 74604 | |
| Sales (units) | 57377 | |
|
|
| |
| Selling price | $80 | |
| Variable costs |
| |
|
| Production | 54 |
|
| Selling and administrative | 11 |
| Fixed costs |
| |
|
| Production | 901663 |
|
| Selling and administrative | 515727 |
What is cost of goods sold for 20x8 if variable costing is used?
Select one:
a. $2168100
b. $3098358
c. $3791816
d. $3729505
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