Inventories year 1 year 2 year 3beginning inv 180 150, Ask an Expert

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Inventories Year 1 year 2 year 3
Beginning INV. 180 150 160
Ending INV. 150 160 200
Variable costing net oper. Income $292,400 $269,200 $251,800
Fixed manufacturing overhead per unit was constant at $450 for all3 years.

1. Determine each year's absorption costing net operating income

2. In year 4 the company's variable costing net operating income was $240.200 and its absorption costing net income was $267,200 did the inventory increase or decrease during yr 4 and how much Fixed manufacturing overhead cost was deferred or released from inventory during yr 4.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9993063

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