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A manufacturing company incurred the following costs during the year: direct materials $220,000, direct labor $180,000, variable overhead $90,000, and fixed overhead $130,000. Prepare a
A manufacturing company incurred the following costs during the year: direct materials $220,000, direct labor $180,000, variable overhead $90,000, and fixed overhead $130,000. Prepare a statement showing the cost of goods manufactured and cost of goods sold for the year.
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