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Bonita Industries sells its product for $60 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs
Bonita Industries sells its product for $60 per unit. During 2016, it produced 60000 units and sold 50000 units (there was no beginning inventory). Costs per unit are: direct materials $10, direct labor $12, and variable overhead $1. Fixed costs are: $720000 manufacturing overhead, and $90000 selling and administrative expenses. Cost of goods sold under absorption costing is
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