Under the Absorption Costing Method,what Was the Dollar Value of the Company's

question 71

Multiple Choice

Under the absorption costing method,what was the dollar value of the company's inventory on August 31?

• A) $27,000.
• B) $36,000.
• C) $42,000.
• D) $47,000.FOH = 105,000/35,000 = $3/unit.EI = $27,000/9 = 3,000 units * (9 + 3)= $36,000.

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Definitions:

Cunning

Exhibiting skill in achieving one's ends by deceit or evasion.

Deceit

The act of concealing or misrepresenting the truth to mislead others.

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Personality traits that are thought to be shaped primarily by external environmental factors, as opposed to being innate.

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The immediate physical and social setting in which people live or in which something happens or develops, including the culture, institutions, and people that influence an individual's life.