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help Prepare a schedule showing the computation of cost of goods sold for 2020. Fultz Company has accumulated the following budget data for the year
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Prepare a schedule showing the computation of cost of goods sold for 2020. Fultz Company has accumulated the following budget data for the year 2020 . 1. Sales: 31,220 units, unit selling price $86. 2. Cost of one unit of finished goods: direct materials 1 pound at $5 per pound, direct labor 3 hours at $13 per hour, and manufacturing overhead $8 per direct labor hour. 3. Inventories (raw materials only): beginning. 10,120 pounds; ending. 15,390 pounds. 4. Selling and administrative expenses: $170,000; interest expense: $30,000. 5. Income taxes: 300 of income before income taxes. (a) Prepare a schedule showing the computation of cost of goods sold for 2020 . eTextbook and Media Attempts: 0 of 5 used (b) The parts of this question must be completed in order. This part will be avallable when you complete the part above Step by Step Solution
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