under absorption costing the cost of goods sold would be 636623
Rebel Company manufactures a single product and has the following cost structure:
Variable costs per unit: |
|
Production |
$5 |
Selling and administrative |
$3 |
Fixed costs in total: |
|
Production |
$32,000 |
Selling and administrative |
$16,000 |
Last year there were no beginning inventories, 8,000 units were produced, and 7,800 units were sold.
Under absorption costing, the cost of goods sold would be:
A) $62,400
B) $70,200
C) $71,000
D) $39,000