There are no beginning inventories. What is the ending balance in Finished Goods Inventory using absorption costing? (Round any intermediate calculations to the nearest cent, and your final answer to the nearest dollar.)
Sutherland, Inc. reports the following information:
A) $13,981
B) $5781
C) $11,800
D) $17,582
D) $17,582
Direct materials $29
Direct labor 12
Variable manufacturing overhead 18
Fixed manufacturing overhead ($18,500 / 640 units) 28.91
Total unit product cost 87.91
Ending Finished Goods Inventory [(640 - 440) × $87.91] = $17,582
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