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Author Question: For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other ... (Read 232 times)

cartlidgeashley

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For 2017, Rockford, Inc., had sales of 150,000 units and production of 200,000 units. Other information for the year included: 

Direct manufacturing labor$197,500
Variable manufacturing overhead100,000
Direct materials160,000
Variable selling expenses100,000
Fixed administrative expenses100,000
Fixed manufacturing overhead250,000
 There was no beginning inventory. 

Required: 
a.Compute the ending finished goods inventory under both absorption and variable costing.
b.Compute the cost of goods sold under both absorption and variable costing. 


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Marked as best answer by cartlidgeashley on Mar 6, 2021

amandalm

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