<\/p>
PQR Enterprises<\/strong>\u00a0incurred the following costs during the fourth quarter: Direct materials $45,000, direct labor $40,000, manufacturing overhead $35,000, and selling and administrative expenses $30,000. The company produced 25,000 units during the same period and sold 22,000 units. Calculate the cost of goods sold, gross profit, and net income for the fourth quarter.<\/p> <\/p>",
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