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Obama Company sells its product for $30per unit. During 2020, it produced30000units and sold15000units (there was no beginning inventory). Costs per unit are: direct materials
Obama Company sells its product for $30per unit. During 2020, it produced30000units and sold15000units (there was no beginning inventory). Costs per unit are: direct materials $6, direct labour $5, and variable overhead $4. Fixed costs are: $420000manufacturing overhead, and $120000selling and administrative expenses.Ending inventory under variable costing is
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