50.1K
Verified Solution
Link Copied!
Miller Co. started operations on January 1, 20x8. Data for the first year of operations is as follows:
| 20x8 |
Production (units) | 74604 |
Sales (units) | 57377 |
| |
Selling price | $80 |
Variable costs | |
| Production | 54 |
| Selling and administrative | 11 |
Fixed costs | |
| Production | 901663 |
| Selling and administrative | 515727 |
What is cost of goods sold for 20x8 if variable costing is used?
Select one:
a. $2168100
b. $3098358
c. $3791816
d. $3729505
Answer & Explanation
Solved by verified expert