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During its first year of operations, Farmer Company paid $37,290 for direct materials and $50,300 in wages for production workers. Lease payments, utility costs, and
During its first year of operations, Farmer Company paid $37,290 for direct materials and $50,300 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $14,700. General, selling, and administrative expenses were $20,300. The average cost to produce one unit was $5.30. How many units were produced during the period?
20,357
19,300
23,130
None of these.
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