Gordon Company Produces a Single Product That Sells for $10

question 190

Multiple Choice

Gordon Company produces a single product that sells for $10 per unit. Last year there were no beginning inventories, 100,000 units were produced, and 80,000 units were sold. The company has the following cost structure:
-The carrying value on the balance sheet of the ending finished goods inventory under absorption costing would be:

• A)$80,000
• B)$104,000
• C)$110,000
• D)$124,000

---

Definitions:

Supply Chain Software

Software solutions designed to manage and optimize the flow of goods, information, and finances across the supply chain.

Primary Functions

The fundamental tasks or activities that are essential for an organization to achieve its objectives and carry out its mission.

Customer Relationship Management

The practice of managing a company’s interactions with current and potential customers, often using data analysis about customers' history to improve business relationships.