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Please do both statements and show/explain work. The following information is available for Booker Company for 2019 (all numbers in dollars Beginning Finished Goods Beginning

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The following information is available for Booker Company for 2019 (all numbers in dollars Beginning Finished Goods Beginning Materials Beginning WIP Direct Labor Ending Finished Goods Ending Materials Ending WIP Manufacturing Overhead Purchases (materials) Sales 1,375,200 856,000 725,000 836,700 1,145,670 871,350 697,300 2,579,220 10,025,000 Note: gross profit is 40% of sales Required: Prepare a statement of cost of goods sold and a statement of cost of goods

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