Sutherland,Inc There Are No Beginning Inventories

question 171

Multiple Choice

Sutherland,Inc.reports the following information: $$\begin{array} { | l | r | c | } \hline \text { Units produced } & 640 & \text { units } \\\hline \text { Units sold } & 440 & \text { units } \\\hline \text { Sales price } & \$ 200 & \text { per unit } \\\hline \text { Direct materials } & \$ 29 & \text { per unit } \\\hline \text { Direct labor } & \$ 12 & \text { per unit } \\\hline \text { Variable manufacturing overhead } & \$ 18 & \text { per unit } \\\hline \text { Fixed manufacturing overhead } & \$ 18,500 & \text { per year } \\\hline \text { Variable selling and administrative costs } & \$ 4 & \text { per unit } \\\hline \text { Fixed selling and administrative costs } & \$ 13,500 & \text { per year } \\\hline\end{array}$$ 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) $13,981
• B) $5781
• C) $11,800
• D) $17,582

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A painful emotional response stemming from the belief of inadequacy or wrongness about oneself.

Commentary

An expression of opinions or explanations about an event or situation, often provided in written or spoken form.

Identical Twin

A twin developed from a single fertilized ovum, sharing the same genetic material and often exhibiting very similar physical characteristics.