How is closing inventory of 2,000 units valued under each method, where variable cost is $30 and full cost $38?

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Question

How is closing inventory of 2,000 units valued under each method, where variable cost is $30 and full cost $38?

Accepted Answer

$60,000 marginal and $76,000 absorption — Award 1 mark. Working: 2,000 × $30 and 2,000 × $38. The $16,000 gap between the inventory values is the same $16,000 that separates the two profits.

Answer

$76,000 marginal and $60,000 absorption

Answer

$76,000 under both methods

Answer

$60,000 marginal and $76,000 absorption

Answer

$60,000 under both methods

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