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Cost of Goods Manufactured and Sold P 2-A Income Statement The following sales and cost data has been accumulated for the Blueberry Company for the
Cost of Goods Manufactured and Sold P 2-A Income Statement The following sales and cost data has been accumulated for the Blueberry Company for the year ended June 30, Year 2 Ending 12,000 30,000 22,000 Beginning 9,000 $ 32,000 17,000 Inventories Raw materials Work in process Finished goods $ 32,000 16,000 5,000 3,000 4,000 73,000 8,000 30,000 6,000 80,000 50,000 9,000 Advertising expense Utilities, factory Depreciation, office equipment Indirect materials Property taxes, office building Purchases of raw materials Rent, office Rent, factony Utilities, office Direct labor Sales commissions Depreciation, factory equipment Sales 500,000 Required 1) Prepare a schedule of cost of goods manufactured in good form. 2) Prepare an income statement. 3) Assume that the company produced the equivalent of 10,000 units of product during the year just completed. What was the unit cost for direct materials? What was the unit cost for rent, factory? 4) Assume that the company expects to produce 20,000 units of product during the next year. For direct materials and rent, factory, what would be the per unit cost and what would be the total cost
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