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Obama Company sells its product for $25per unit. During 2020, it produced27500units and sold13200units (there was no beginning inventory). Costs per unit are: direct materials
Obama Company sells its product for $25per unit. During 2020, it produced27500units and sold13200units (there was no beginning inventory). Costs per unit are: direct materials $7, direct labour $6, and variable overhead $5. Fixed costs are: $412500manufacturing overhead, and $68750selling and administrative expenses.Cost of goods sold under absorption costing is
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