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Obama Company sells its product for $26per unit. During 2020, it produced24500units and sold14000units (there was no beginning inventory). Costs per unit are: direct materials
Obama Company sells its product for $26per unit. During 2020, it produced24500units and sold14000units (there was no beginning inventory). Costs per unit are: direct materials $5, direct labour $4, and variable overhead $3. Fixed costs are: $294000manufacturing overhead, and $98000selling and administrative expenses.Ending inventory under variable costing is
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