Answered: At the end of last year, Amelie had…

Name: At the end of last year, Amelie had 30,000 units in its ending invento
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Description: At the end of last year, Amelie had 30,000 units in its ending inventory. Amelie's variable production costs are P10 per unit and its fixed manufacturing overhead costs are P5 per unit every year. The company's net income for the year was P12,000 LOW

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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At the end of last year, Amelie had 30,000 units in its ending inventory. Amelie's variable production costs are P10 per unit and its fixed manufacturing overhead costs are P5 per unit every year. The company's net income for the year was P12,000 LOWER under variable costing than under absorption costing. Given these facts, the number of units of product in inventory at the beginning of the year must have been ______?

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