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1. Jackson Incorporated incurred the following costs for February 2019: Depreciation on factory building Direct labor Direct materials inventory, beginning Direct materials inventory, ending Direct
1. Jackson Incorporated incurred the following costs for February 2019: Depreciation on factory building Direct labor Direct materials inventory, beginning Direct materials inventory, ending Direct material purchases Factory supervisor's salary Finished goods inventory, beginning Finished goods inventory, ending Repairs of factory building Sales Selling and administrative expenses Utilities in factory Work in process inventory, beginning Work in process inventory, ending $59,000 205,000 25,000 22,000 175,000 42,000 35,000 34,000 15,000 775,000 135,000 28,000 18,000 15,000 Assume an income tax rate of 30 percent. Required: Calculate the following values: a. Direct materials used b. Cost of goods manufactured c. Cost of goods sold d. Net operating income e. Prime costs f. Conversion costs g. After-tax net income
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