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Ivanhoe's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs: Ivanhoe's Company

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Ivanhoe's Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2022, the company incurred the following costs: Ivanhoe's Company sells the fishing lures for $25.00. During 2022, the company produced 95,800 lures and sold 79,400

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