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PLEASE ASAP Cox Corporation produces a product with the following costs as of July 1, 20XX Material Labour Overhead $3 per unit per unit 3
PLEASE ASAP
Cox Corporation produces a product with the following costs as of July 1, 20XX Material Labour Overhead $3 per unit per unit 3 per unit Assuming Cox sold 31,000 units during the last six months of the year at $16 each, beginning inventory at these costs on July was 3,000 units. From July 1 to December 31, 20XY, Cox produced 30.000 units. These units had a material cost of $4 per unit. The cott for labour and overhead were the same 302.0400 a. If Cox uses FIFO inventory accounting, what would be the gross profit for the period? Gross profit $ b. If Cox uses FIFO inventory accounting, What is the value of ending inventory? $ Ending Inventory Step by Step Solution
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