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Max industries gathered the following information for the year ended June 30, 20x5

Units produced 17,000 units
Units sold 15,000 units
Direct labour $27,000
Direct materials used $63,000
Fixed selling & administrative expenses $26,000
Variable selling & administrative expenses $30,000
Fixed manufacturing overhead $31,000
Variable manufacturing overhead $37,000
Beginning Inventory none
Ending inventory none

Calculate the value of ending inventory using:
Total costing
Direct costing

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751606

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