Mackenzie,Inc What Is the Ending Balance in Finished Goods Inventory Using

question 145

Multiple Choice

Mackenzie,Inc.has collected the following data.(There are no beginning inventories.) $\begin{array}{|l|r|l|}\hline \text { Units produced } & 700& \text { units } \\\hline \text { Sales price } & { \$130}&\text { per unit } \\\hline \text { Direct materials } & \$ 30 &\text { per unit } \\\hline \text { Direct labor } & { \$12}& \text{ per unit } \\\hline \text { Variable manufacturing overhead } & { \$10}&\text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 17,400 &\text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 5& \text { per unit } \\\hline \text { Fixed selling and administrative cost } & \$19,700& \text { per year } \\\hline\end{array}$ What is the ending balance in Finished Goods Inventory using absorption costing if 400 units are sold? (Round any intermediate calculations to the nearest cent,and your final answer to the nearest dollar.)

• A)$7457
• B)$15,600
• C)$33,001
• D)$23,058

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Definitions:

Magnetic Fields

Invisible fields that exert force on particles that are magnetic in nature or moving electric charges.

Electrical Activity

The movement of electrically charged particles, such as electrons, which is fundamental to the operation of various biological systems and electronic devices.

EEG

Electroencephalography, a method to record electrical activity of the brain using electrodes placed on the scalp.

MEG

Magnetoencephalography, a neuroimaging technique for mapping brain activity by recording magnetic fields produced by electrical currents in the brain.