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Secure l https://www.mathxl.com/Student/PlayerTest.aspx?testld.179781484&centerwi; MAC 7200 or Test: Final Exam VO This Question: 2 pts 19 of 45 (14 complete) $225.00 $360,000 $176,000 $100,000 $44,000 $80,000 Selling price per unit Sales Direct materials used Direct labor Variable factory overhead 18 Fixed factory overhead Variable selling and administrative expenses$20,000 $10,000 Fixed selling and administrative expenses Production volume variance Ending inventory, Direct Materials Ending inventory, Work-in- process Ending inventory, Finished Goods 18 400 units 18 Under absorption costing, what is the Cost of Goods Sold? 118 pm OA. $320,000 O B. $272,000 O C. $256,000 8/18 O D. $360,000 9pm 5/18 9pm 04/18 59pm Click to select your answer (M

Explanation / Answer

The correct alternative is A, the calculation of which is as follows Direct Materials used 176000 Direct Labor 100000 Variable Factory Overhead 44000 Fixed Factory Overhead 80000 Total cost of production 400000 Total units of production=2000 units =(360000/225)+400 units Add : Finished goods Beginning Inventory 0 Less :Finished goods Ending Inventory 80000 =400000*400/2000 Cost of goods sold 320000 So, the correct alternative is A with answer $320000.

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