(Answered) Problem - kco corporation manufactures a single product

Accounting

Problem - KCO Corporation manufactures a single product. During the month of July, 10,000 units were sold for $900, while 8,000 units were produced. Their July variable costing income statement showed the following expenses:

Variable Cost of Goods Sold: $1,800,000
Variable Selling and Administrative: $540,000
Fixed Manufacturing: $1,440,000
Fixed Selling and Administrative: $450,000

If July 1 inventory was 2,300 units, what is the value of the July 31 finished goods inventory under absorption costing?

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