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Maryville Incorporated incurred the following costs during June:Direct labor 6 5 2 , 0 0 0 Manufacturing overhead, actual 4 4 8 , 0 0
Maryville Incorporated incurred the following costs during June:Direct labor
Manufacturing overhead, actual
Selling expenses
Administrative expenses
Interest expense During the month, units of product were manufactured and units of product were sold. On June Maryville carried no
inventories. On June there were no inventories other than finished goods.
Required:
a Calculate the cost of goods manufactured during June and the average cost per unit of product manufactured.
b Calculate the cost of goods sold during June.
c Calculate the difference between cost of goods manufactured and cost of goods sold. How will this amount be reported in the
financial statements?
d Prepare a traditional absorption income statement for Maryville for the month of June. Assume that sales for the month was
$ and the company's effective income tax rate was
Complete this question by entering your answers in the tabs below.
Req A and
Prepare a traditional absorption income statement for Maryville for the month of June. Assume that sales for the month was
$ and the company's effective income tax rate was
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