Information taken from Tuscarora Paper Company s records for the most recent year is as follows:…

Information taken from Tuscarora Paper Company s records for the most recent year is as follows: Direct material used …………………………………. $290,000 Direct labor …………………………………………….. 100,000 Variable manufacturing overhead ………………… 50,000 Fixed manufacturing overhead ……………………. 80,000 Variable selling and administrative costs ……….. 40,000 Fixed selling and administrative costs …………… 20,000 Required: 1. Assuming Tuscarora Paper Company uses variable costing, compute the inventoriable costs for the year. 2. Compute the year s inventoriable costs using absorption costing. 3. Now assume that Tuscarora Paper Company uses throughput costing, and the company has committed to spending for direct labor, variable overhead, and fixed overhead in the amounts given in the problem. Under this scenario, compute the company s inventoriable costs for the year.

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