For 2017, Rockford, Inc., had sales of 150,000 units and ...

[cartlidgeashley]

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 overhead

100,000

Direct materials

160,000

Variable selling expenses

100,000

Fixed administrative expenses

100,000

Fixed manufacturing overhead

250,000

 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.

[amandalm]

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[Kurmanbekova Zhamilya]

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