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

question 21

Multiple Choice

Mackenzie, Inc. has collected the following data. (There are no beginning inventories.) $$\begin{array} { | l | r | l | } \hline \text { Units produced } & 700 & \text { units } \\\hline \text { Sales price } & \$ 130 & \text { per unit } \\\hline \text { Direct materials } & \$ 30 & \text { per unit } \\\hline \text { Direct labor } & \$ 12 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 10 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 17,400 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 5 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 19,700 & \text { per year } \\\hline\end{array}$$ 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

---

Definitions:

City Hall

The chief administrative building of a municipal government, where official business is conducted and public services are managed.

Court Decisions

Official judgments or rulings handed down by a court resolving legal disputes and contributing to the body of case law.

Mediated Agreements

Mediated Agreements are resolutions reached through the involving a neutral third party, known as a mediator, who helps disputing parties find a mutually acceptable solution.

Pornographic Movies

Films that depict sexual content intended to arouse viewers, often restricted to adults.