Eastwood Company has the following information for 2011 (A+ Guaranteed)

Eastwood Company has the following information for 2011:

Selling price $150 per unit

Variable production costs $40 per unit produced

Variable selling and admin. expenses $16 per unit sold

Fixed production costs $200,000

Fixed selling and admin. expenses $140,000

Units produced 10,000 units

Units sold 8,000 units

There were no beginning inventories.

What is the ending inventory for Eastwood using the absorption costing method?

Here’s the SOLUTION

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