The Following Information Pertains to Nute Corporation -Refer to the Figure

question 72

Multiple Choice

The following information pertains to Nute Corporation:
$$\begin{array} { l r } \text { Beginning inventory } & 1,000 \text { units } \\\text { Ending inventory } & 6,000 \text { units } \\\text { Direct labour per unit } & \$ 40 \\\text { Direct materials per unit } & 20 \\\text { Variable overhead per unit } & 10 \\\text { Fixed overhead per unit } & 30 \\\text { Variable selling and administrative costs per unit } & 6 \\\text { Fixed selling and administrative costs per unit } & 14\end{array}$$
-Refer to the Figure.What is the value of the ending inventory using the absorption costing method?

• A)$240,000
• B)$360,000
• C)$420,000
• D)$600,000

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Definitions:

Historical School

A philosophy of law that emphasizes the evolutionary nature of law, focusing on the origins, cultural contexts, and historical development of legal systems.

Local Ordinance

A statute or regulation enacted by a municipal or county authority to govern matters not covered by federal or state law.

Cost-Benefit School

An economic approach that evaluates the outcomes of policies or projects by comparing their costs to their benefits, emphasizing efficiency.

Vulnerable School

An educational institution that is more susceptible to risks, such as safety threats or insufficient resources.