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  3. ing company began operations on january 1 during the year...

Question: ing company began operations on january 1 during the year...

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ing Company began operations on January 1. During the year, it started and completed 1,660 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs 1. Raw materials purchased and used-$3,090 2 Wages of production workers $3,470. 3. Salaries of administrative and sales personnel $1,910 4. Depreciation on manufacturing 5. Depreciation on administrative equipment-$1,785 Benson sold 1,030 units of product. Required a. Determine the total product cost for the year Determine the total pr b. Determine the total cost of the ending inventory. (Do not round intermediate calculations.) c. Determine the total of cost of goods sold. (Do not round intermediate calculations.) c Total cost of goods sold < Prev 3of 5 Next >
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