Information from Jacob Perez Company’s records is available as follows for the year ended December..

Information from Jacob Perez Company’s records is available as follows for the year ended December 31, 2014: Net sales ……… $1,600,000 Cost of goods manufactured: Variable ……… $ 800,000 Fixed ………… 352,000 Operating expenses: Variable ……….. $ 78,000 Fixed …………. 150,000 Units manufactured ……. 80,000 Units sold ……….. 55,000 Finished goods inventory, 1/1/2014 . None No work-in-process inventories existed at the beginning or end of 2014. Required: 1. What would be Perez’s finished goods inventory and cost of goods sold under the variable (direct) costing method at December 31, 2014? 2. Under the absorption costing method, what would Perez’s operating income be? 3. Calculate Jacob Perez Company’s cost of goods sold and ending inventory under absorption costing.

Needs help with similar assignment?

we are available 24x7 to deliver the best services and ready within 3-4 hours? Order a custom-written, plagiarism-free paper

Meet your deadlines with our essay writing service and let our professional writers take care of it!
Create your project now and start getting help in 2 minutes
Just from $12/Page
Place an Order
Order Over WhatsApp Place an Order Online

"Do you have an upcoming essay or assignment due?


Get any topic done in as little as 6 hours

If yes Order Similar Paper

All of our assignments are originally produced, unique, and free of plagiarism.

Stuck with a Question?

Get it solved from our top experts within 8 hrs!

Get Assignment Writing Help

Our experts are ready to complete your assignment, course work. essay, test, dissertation, research paper, quiz

Get Started
Ask Your Question Now!