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help Fultz Company has accumulated the following budget data for the year 2020. 1. Sales: 31,130 units, unit selling price $90. 2. Cost of one
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Fultz Company has accumulated the following budget data for the year 2020. 1. Sales: 31,130 units, unit selling price $90. 2. Cost of one unit of fimished goods; direct materials 1 pound at $5 per pound, direct labor 3 hours at $12 per hour, and. manufacturing overhead $6 per direct labor hour: 3. Inventories (raw materials only):beginning 10,150 pounds; ending. 15,370 pounds. 4. Selling and administrative expenses $170,000; interest expense: $30,000. 5. Income taxes: 30 of income before income taxes. (a) Pregare a schedule showing the computation of cost of goods sold for 2020 . Prepare a schedule showing the computation of cost of goods sold for 2020 Step by Step Solution
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