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A manufacturing company incurred the following costs during the year: Expense Component Amount ($) Direct Materials $27,360,000 Direct Labor $21,888,000 Variable Overhead $13,132,800 Fixed Overhead

A manufacturing company incurred the following costs during the year:

Expense Component

Amount ($)

Direct Materials

$27,360,000

Direct Labor

$21,888,000

Variable Overhead

$13,132,800

Fixed Overhead

$14,474,200

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

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