What is the cost of goods sold using absorption costing


Question: Ambiance Inc. Co. broke down all of its costs and expenses into fixed and variable components. Data for the company's first year of operations follows. (Ignore income taxes.) There was no beginning finished goods inventory. The company produced 10,000 units, sold 4,000 of those units for $100 per unit, and ended the year with 6,000 units in its ending finished goods inventory. Variable manufacturing costs were $5 per unit manufactured and variable selling and administrative expenses were $3 per unit sold. Fixed manufacturing costs for year totaled $15,000 and fixed selling and administrative expenses for year were $375,000. The cost of goods sold using absorption costing equals $. (Do not input a comma or cents.)

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Accounting Basics: What is the cost of goods sold using absorption costing
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