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During the most recent accounting period Lucid paid $5,500 for raw materials, $8,500 for labor, and $10,000 for overhead costs that were incurred to make
During the most recent accounting period Lucid paid $5,500 for raw materials, $8,500 for labor, and $10,000 for overhead costs that were incurred to make candy. Lucid started and completed 22,000 units of products of which 13,000 were sold. Based on this information Lucid would recognize which of the following amounts of expense on its income statement?
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