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Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the

Arrow Industries employs a standard cost system in which direct materials inventory is carried at standard cost. Arrow has established the following standards for the prime costs of one unit of product.
\table[[,Standard,Standard,Standard],[,Quantity,Price,Cost],[Direct materials,6 pounds,$1.80 per pound,$10.80
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