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***Please type out the answer. Compute total cost of goods sold under absorption costing based on the following data. Unit cost for direct materials $10

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Compute total cost of goods sold under absorption costing based on the following data. Unit cost for direct materials $10 Unit cost for direct labor 15 Unit cost for variable manufacturing overhead 7 Unit variable selling and administrative expense 3

Total fixed manufacturing overhead $100,000

Total fixed selling and administrative expense 82,000

Units in beginning inventory 0

Units produced 25,000 Units sold 22,000

Unit selling price $70

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