Iagan, Inc. has collected the following data. (There are no beginning inventories.) Units produced 600 units Sales price $ 150 per unit Direct materials $ 50 per unit Direct labor $ 11 per unit Variable manufacturing overhead $ 8 per unit Fixed manufacturing overhead $ 18 comma 600 per year Variable selling and administrative costs $ 5 per unit Fixed selling and administrative costs $ 11 comma 200 per year What is the ending balance in Finished Goods Inventory using variable costing if 500 units are sold? A. $ 6 comma 100 B. $ 5 comma 000 C. $ 1 comma 900 D. $ 6 comma 900

Your take on decision making process

What is used by accountant to analyze transactions ?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.