Octagonal Company Has the Following Information for 2016: Selling Price

question 153

Multiple Choice

Octagonal Company has the following information for 2016: Selling price $150 per unit
Variable production costs $40 per unit produced Variable selling and admin. expenses $16 per unit sold Fixed production costs $200,000
Fixed selling and admin. expenses $140,000 Units produced 10,000 units
Units sold 8,000 units
There were no beginning inventories.
What is the cost of ending inventory for Octagonal using the variable costing method?

• A) $80,000
• B) $180,000
• C) $120,000
• D) $300,000

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Definitions:

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