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Please keep the response easy to distinguish Exercise 19-08 a-b Sheridan Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation
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Exercise 19-08 a-b Sheridan Corporation incurred the following costs while manufacturing its product. Materials used in product Depreciation on plant Property taxes on store Labor costs of assembly-line workers Factory supplies used $129,100 Advertising expense 64,600 Property taxes on plant 8,160 Delivery expense 111,300 Sales commissions 28,700 Salaries paid to sales clerks $53,200 16,000 24,300 40,100 57,100 Work in process inventory was $14,500 at January 1 and $16,800 at December 31. Finished goods inventory was $69,500 at January 1 and $46,000 at December 31. Compute cost of goods manufactured. Cost of goods manufactured Compute cost of goods sold. Cost of goods soldStep by Step Solution
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