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A manufacturing company incurred the following costs during the year: direct materials $180,000, direct labor $150,000, variable overhead $75,000, and fixed overhead $110,000. Prepare a
A manufacturing company incurred the following costs during the year: direct materials $180,000, direct labor $150,000, variable overhead $75,000, and fixed overhead $110,000. Prepare a statement showing the cost of goods manufactured and cost of goods sold for the year.
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