A cracker manufacturer has the following unit costs for the month of June:
Variable
Variable
Fixed
Fixed
manufacturing
marketing
manufacturing
marketing
cost
cost
cost
cost
$4.45
54.00
$2.75
$4.25
A total of 85,000 units were manufactured during June, 6,000 of which remain in ending inventory.
The manufacturer uses the first-in, first-out (FIFO) inventory method, and the 6,000 units are the only
finished goods inventory at month end. Using the full absorption costing method, the manufacturer’s
finished goods inventory value would be;