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    Jan 7, 2012, 04:43 AM
    Ending finished goods inventory
    Units sold 2,000
    Units produced 2,200
    Fixed manufacturing overhead 44,000
    Variable manufacturing overhead 12,000
    Fixed selling & Admin. Expenses 18,000
    Variable selling & Admin. Expenses 10,000
    Direct materials used 30,000
    Direct labor 24,000
    Inventory, beginning in units 100
    No work-in-process inventories

    Compute: Ending finished goods inventory under:\

    a. ABSORPTION COSTING METHOD b. VARIABLE COSTING METHOD

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