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A manufacturing company produces 10,000 units of a product annually. Given the following information: direct materials cost per unit $10, direct labor cost per unit

A manufacturing company produces 10,000 units of a product annually. Given the following information: direct materials cost per unit $10, direct labor cost per unit $8, variable overhead cost per unit $5, and fixed overhead cost per unit $3, calculate the total cost of production. Also, prepare a cost of goods manufactured statement.

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