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Author Question: Sandy Valley Company has the following selected data for the past year:Units sold during year 30,000 ... (Read 80 times)

PhilipSeeMore

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on: Jan 5, 2020
Sandy Valley Company has the following selected data for the past year:

Units sold during year          30,000
Units produced during year          40,000
Units in ending inventory          10,000
Variable manufacturing cost per unit $5.50
Fixed manufacturing overhead (in total) $20,000
Selling price per unit $10.00
Variable selling and administrative expense per unit $1.00
Fixed selling and administrative expenses (in total) $4,000

There were no units in beginning inventory.

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 PhilipSeeMore on Jan 5, 2020

morrie123456

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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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PhilipSeeMore

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Reply 2 on: Jan 5, 2020
YES! Correct, THANKS for helping me on my review

jojobee318

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Reply 3 on: Yesterday
Excellent

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