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Using the full absorption costing method determine the

Problem - A cracker manufacturer has the following unit costs for the month of June:

Variable manufacturing cost - $6.00

Variable marketing cost - $4.20

Fixed manufacturing cost - $2.40

Fixed marketing cost - $4.80

A total of 120,000 units were manufactured during June, 15,000 of which remain in ending inventory. The manufacturer uses the first-in, first-out (FIFO) inventory method, and the 15,000 units are the only finished goods inventory at month end. Using the full absorption costing method, Determine the manufacturer's finished goods inventory value.

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Accounting Basics: Using the full absorption costing method determine the

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