Sutherland,Inc There Are No Beginning Inventories

question 97

Multiple Choice

Sutherland,Inc.reports the following information: $\begin{array}{|l|r|l|}\hline \text{Units produced} & { 580}&\text{ units } \\\hline \text { Units sold } & 470 &\text { units } \\\hline \text { Sales price } & \$ 200 &\text { per unit } \\\hline \text { Direct materials } & { \$29}&\text{ per unit } \\\hline \text { Direct labor } & \$ 8 &\text { per unit } \\\hline \text { Variable manufacturing overhead } & { \$13 }& \text{per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 16,600 &\text {per year } \\\hline \text { Variable selling and administrative costs } & \$ 6& \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 14,000 &\text { per year }\\\hline\end{array}$ 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.)

• A)$7218
• B)$3148
• C)$5500
• D)$8648

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Definitions:

Punished

The act of imposing a consequence or penalty on someone for a perceived wrongdoing or undesirable behavior.

Responses

Reactions or replies to stimuli, questions, or actions, which can vary from verbal to non-verbal and emotional to physical.

B.F. Skinner

An American psychologist and behaviorist known for his work in developing the theory of operant conditioning, emphasizing the role of reinforcement in shaping behavior.

Childhood Misbehavior

Actions or conduct by children that are inappropriate or disruptive, often challenging parents, teachers, or other authority figures.