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Author Question: The following data is related to sales and production of the Welch Corporation for last year.Selling ... (Read 49 times)

CQXA

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on: Jan 5, 2020
The following data is related to sales and production of the Welch Corporation for last year.

Selling price per unit $50.00
Variable manufacturing cost per unit $24.00
Variable selling and administrative expense per unit $4.00
Fixed manufacturing overhead (in total) $50,000
Fixed selling and administrative expenses (in total) $8,000
Units produced during year          10,000
Units sold during year            9,000
Units in beginning inventory            0
Units in ending inventory            1,000

Required:
1.  Prepare an income statement for last year using absorption costing.
2.  Calculate the value of the ending inventory using absorption costing.
3.  Prepare an income statement for last year using variable costing.
4.  Calculate the value of the ending inventory using variable costing.
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by CQXA on Jan 5, 2020

helenmarkerine

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Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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CQXA

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Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

momolu

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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