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Exercise 10-8A (Algo) Allocating product costs between ending inventory and cost of goods sold LO 10 3 Rooney Manufacturing Company began operations on January 1.

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Exercise 10-8A (Algo) Allocating product costs between ending inventory and cost of goods sold LO 10 3 Rooney Manufacturing Company began operations on January 1. During the year, it started and completed 1.790 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: 1. Raw materials purchased and used-\$3,200. 2. Woges of production workers $3.560. 3. Salories of administrative and sales personnel-\$1,995. 4. Depreciation on manufacturing equipment- $6,307. 5. Depreciation on administrative equipment- $1,785. Rooney sold 1,090 units of product. Required a. Determine the total product cost for the yeat. b. Determine the total cost of the ending inventory. (Do not round intermediate calculations.) c. Determine the total of cost of goods soid. (Do not round intermediate calculations.)

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