Assume the following information for a company that produced 10,000 units and sold 8,000 units...
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Accounting
Assume the following information for a company that produced 10,000 units and sold 8,000 units during its first year of operations and produced 8,000 units and sold 10,000 units during its second year of operations:
Per Unit
Per Year
Selling price
$ 200
Direct materials
$ 70
Direct labor
$ 50
Variable manufacturing overhead
$ 8
Sales commission
$ 8
Fixed manufacturing overhead
$ 300,000
Using absorption costing, what is the cost of goods sold for the second year of operations?
Multiple Choice
$1,655,000
$1,374,000
$1,640,000
$1,294,000
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