Question 7 1 points Save Answ Meow Foods had 2,000 25-pound bags of cat food...
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Question 7 1 points Save Answ Meow Foods had 2,000 25-pound bags of cat food in beginning inventory. During 2019, the company manufactured 16,000 bags and sold 15,000 units. Fach bag of food is sold for $17. Assume the same unit costs in all years. The company experienced the following costs: Direct materials $4.50 per unit Direct labor $2.10 per unit Variable manufacturing overhead $1.90 per unit Variable seling $1.00 per unit Fixed manufacturing overhead $40,000 Fixed selling $24,000 Fixed administrative $30,000 If the company uses variable costing, at what amount is the ending Inventory for the year valued? $25.500 $28.500 $34,500 $9,000
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