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

question 72

Multiple Choice

The following information pertains to Nute Corporation:
 Beginning inventory 1,000 units  Ending inventory 6,000 units  Direct labour per unit $40 Direct materials per unit 20 Variable overhead per unit 10 Fixed overhead per unit 30 Variable selling and administrative costs per unit 6 Fixed selling and administrative costs per unit 14\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?


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