Westwood Company Has the Following Information the Current Year:
Eastwood

question 62

Multiple Choice

Westwood Company has the following information the current year:
Eastwood had no beginning inventories.
$\begin{array}{lr}\text { Selling price } & \$ 300 \text { per unit } \\\text { Variable production costs } & \$ 80 \text { per unit produced } \\\text { Variable selling and administrative expenses } & \$ 32 \text { per unit sold } \\\text { Fixed production costs } & \$ 400,000 \\\text { Fixed selling and administrative expenses } & \$ 280,000 \\\text { Units produced } & 20,000 \text { units } \\\text { Units sold } & 16,000 \text { units }\end{array}$
-Refer to the Figure.What is the cost of ending inventory for Westwood using the variable costing method?

• A)$80,000
• B)$120,000
• C)$180,000
• D)$320,000

---

Definitions:

Substantive

Pertains to the essential elements or specific substance of a matter, often used to describe laws or regulations that govern actual rights and duties.

Procedural Rules

Guidelines or principles that dictate the specific processes and procedures within court or administrative proceedings.

Legislative Branch

One of the three branches of the U.S. government, responsible for creating laws, consisting of the House of Representatives and the Senate.

Specific Duties

Tasks or roles defined precisely and explicitly for a particular job or function.