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please help Cost of Goods Manufactured and Income Statement P 2 The following sales and cost data has been accumulated for the Raspberry Company for
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Cost of Goods Manufactured and Income Statement P 2 The following sales and cost data has been accumulated for the Raspberry Company for the year ended December 31 of the current year. Inventories Raw materials Work in process Finished goods Required 1) Prepare a schedule of cost of goods manufactured in good form. 2) Prepare an income statement. 3) Assume that the company produced the equivalent of 10,000 units of product during the year just completed. What was the unit cost for direct materials? What was the unit cost for rent, factory? 4) Assume that the company expects to produce 20,000 units of product during the next year. For direct materials and rent, factory, what would be the per unit cost and what would be the total cost Step by Step Solution
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