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During its first year of operations, Connor Company paid $55,000 for direct materials and $20,000 in wages for production workers. Lease payments and utilities on
During its first year of operations, Connor Company paid $55,000 for direct materials and $20,000 in wages for production workers. Lease payments and utilities on the production facilities amounted to $9,000. General, seling, and administrative expenses were $10,000. The company produced 7,000 units and sold 6,000 units for $17.00 a unit. The average cost to produce one unit is which of the following amounts? Multiple Choice $1067 $14.00 a $12.00 $0.43
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