Answer:
$552,800
Explanation:
The computation of the total period costing under variable costing is shown below:
As we know that
Period Cost = Total Variable Selling and Administrative Cost + Fixed Manufacturing Overhead + Fixed Selling and Administrative Cost
where,
Total Variable Selling and Administrative Cost is
= Variable Selling and Administrative per unit × Unit Sold
= $9 × 8,800
= $79,200
The fixed manufacturing overhead is $297,600
And, the fixed selling and admin cost is $176,000
So, the total period cost is
= $79,200 + $297,600 + $176,000
= $552,800
Answer:
$89,674,000
Explanation:
As it is mentioned that the inventory cost is already incurred in the last year so in this case the cost price would be zero and the same price should be equivalent to the closing value of the inventory i.e. carrying value of $89,674,000 and hence the same is to be considered
Therefore the last option is correct