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. Bradford, Inc., expects to sell 15,000 ceramic vases for $20 each. Direct materials costs are $4, direct manufacturing labor is $10, and manufacturing overhead
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Bradford, Inc., expects to sell 15,000 ceramic vases for $20 each. Direct materials costs are $4, direct manufacturing labor is $10, and manufacturing overhead is $5 per vase. The following inventory levels apply to 2020: Beginning inventory Ending inventory Direct materials 5,000 units 5,000 units Work-in-process inventory O units O units Finished goods inventory 400 units 800 units On the 2020 budgeted income statement, what amount will be reported for cost of goods sold? O A. $277,400 B. $285,000 C. $380,000 OD. $292,600Step by Step Solution
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