Atlantic company produces a single product. For the most recent year, the compan

Question

Atlantic company produces a single product. For the most recent year, the company's net operating income computed by the absorption costing method was $7,800 and it net operating income computed by the variable costing method was $10,500, the companys unit product cost was $15 under variable costing and $24 under aborption costing. If the ending inventory consisted of 1,460 units, how many units must have been in the beginning inventory?

Please show me how you got your answer as I need to show my work.

Thank You

Explanation / Answer

(-7800+10500)/(24-15) =300 total units at the beginning=300+1460 =1760 units

Related Questions

Navigate

• Browse (All)
• Browse A
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.