assume that there is no january 1, 2007 inventory; no variances are allocated to inventory and the firm uses a full absorption approach to product costing. Compute the costs assigned to december 31, 2007 inventory

sales 12,000 * 17
actual production 15,000 units
expected volume of production 18,000 units
mfg costs incurred
variable 120,000
fixed 63,000
nonmanufacturing costs incurred
variable 24,000
fixed 18,000

assume that there is no january 1, 2007 inventory; no variances are allocated to inventory and the firm uses a full absorption approach to product costing. Compute the costs assigned to december 31, 2007 inventory

sales 12,000 * 17
actual production 15,000 units
expected volume of production 18,000 units
mfg costs incurred
variable 120,000
fixed 63,000
nonmanufacturing costs incurred
variable 24,000
fixed 18,000

Please do not double post as it just confuses things. I've merged your two threads back into one.

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