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A manufacturing company incurred the following costs during the year: Expense Component Amount ($) Direct Materials $25,440,000 Direct Labor $20,352,000 Variable Overhead $12,211,200 Fixed Overhead

A manufacturing company incurred the following costs during the year:

Expense Component

Amount ($)

Direct Materials

$25,440,000

Direct Labor

$20,352,000

Variable Overhead

$12,211,200

Fixed Overhead

$13,449,600

Prepare a statement showing the cost of goods manufactured and cost of goods sold for the year.

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