Nathan Inc. provides the following cost information for producing 12,000 units of inventory during the current month:Cost InformationAccountsAmountsDirect materials$56,000Direct labor78,000Variable manufacturing overhead28,000Fixed manufacturing overhead30,000Variable Selling and Administrative Costs28,000Fixed Selling and Administrative Costs15,000There was no inventory at the beginning of the period. If 2,000 units of inventory remain unsold at the end of the period, compute the Costs of Goods Sold for the month under absorption costing would be:Group of answer choices$135,000$160,000$27,000$32,000

The objective of the question is to calculate the Cost of Goods Sold (COGS) for Nathan Inc. under…

Answered: Nathan Inc. provides the following cost…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 25E: Last year, Orsen Company produced 25,000 juicers and sold 26,500 juicers for 60 each. The actual...

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Question

Nathan Inc. provides the following cost information for producing 12,000 units of inventory during the current month:

Cost Information

Accounts	Amounts
Direct materials	$56,000
Direct labor	78,000
Variable manufacturing overhead	28,000
Fixed manufacturing overhead	30,000
Variable Selling and Administrative Costs	28,000
Fixed Selling and Administrative Costs	15,000

There was no inventory at the beginning of the period. If 2,000 units of inventory remain unsold at the end of the period, compute the Costs of Goods Sold for the month under absorption costing would be:

Group of answer choices

$135,000

$160,000

$27,000

$32,000

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