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

question 52

Multiple Choice

The following information pertains to Shark Corporation:
$$\begin{array} { l r } \text { Beginning inventory } & 0 \text { units } \\\text { Ending inventory } & 6,000 \text { units } \\\text { Direct labour per unit } & \$ 2022 \\\text { Direct materials per unit } & 1618 \\\text { Variable overhead per unit } & 48 \\\text { Fixed overhead per unit } & 1012 \\\text { Variable selling costs per unit } & 1214 \\\text { Fixed selling costs per unit } & 1618\end{array}$$
-Refer to the Figure.What is the value of ending inventory when using the absorption-costing method?

• A)$200,000
• B)$348,000
• C)$368,000
• D)$390,000

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Definitions:

Biological Variation

Differences among individuals and populations in physical, physiological, and genetic characteristics due to evolutionary, environmental, and genetic factors.

Creationism

The belief that the universe and living organisms originate from specific acts of divine creation, as in the biblical account, rather than by natural processes such as evolution.

Evolution

The mechanism through which a range of life forms are considered to have emerged and branched out from previous versions during Earth's historical timeline.

Punctuated Equilibrium

A theory in evolutionary biology which proposes that species evolve rapidly in short bursts, followed by long periods of evolutionary stasis.