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4. Foxburg Company has the following information: Work-in-Process Finished Goods Materials Beginning inventory $ 300 $ 400 $ 500 Ending inventory $ 700 $ 900

4.Foxburg Company has the following information:

Work-in-Process

Finished Goods

Materials

Beginning inventory

$

300

$

400

$

500

Ending inventory

$

700

$

900

$

1,500

Purchases of materials (net)

$

7,700

Cost of Goods Sold

$

15,600

Manufacturing overhead

$

4,300

What was the cost of goods available for sale for the period?

a.) $16,800

b.) $16,500

c.) $16,100

d.) $15,100

11.Vegas Company has the following unit costs:

Variable manufacturing overhead

$

25

Direct materials

20

Direct labor

19

Fixed manufacturing overhead

12

Variable marketing and administrative

7

Vegas produced and sold 10,000 units. If the product sells for $100, what is the operating profit using a contribution margin income statement?

a.) $170,000

b.) $240,000

c.) $290,000

d.) $360,000

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