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please solve it ASAP it's my exam Cox Corporation produces a product with the following costs as of July 1 20XX Material Labour Overhead 54
please solve it ASAP it's my exam
Cox Corporation produces a product with the following costs as of July 1 20XX Material Labour Overhead 54 per unit 6 per unit 4 per unit Assuming Cox sold 19,000 units during the last six months of the year at $20 each, beginning Inventory at these costs on July 1 was 4,500 units. From July 1 to December 31, 20XY, Cox produced 18.000 units. These units had a material cost of $5 per unit. The costs for labour and overhead were the same. a. Il 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 InventoryStep by Step Solution
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