Crossbow Corp.
cybacatx
crossbow_corp_question.docCrossbow Corp. produces a single product. Data concerning June's operations follow:
|
Units in beginning inventory |
0 |
|
Units produced |
6,000 |
|
Units sold |
5,000 |
|
|
|
|
Variable costs per unit: |
|
|
Manufacturing |
$7 |
|
Selling and administrative |
$3 |
|
|
|
|
Fixed costs in total: |
|
|
Manufacturing |
$12,000 |
|
Selling and administrative |
$3,000 |
Under variable costing, ending inventory on the balance sheet would be valued at:
$10,000
$7,000
$9,000
$12,000
