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Question 18 of 24 < > -/10 E Sheridan Company recorded the following transactions for the month of February: Sales were $421,400 for the
Question 18 of 24 < > -/10 E Sheridan Company recorded the following transactions for the month of February: Sales were $421,400 for the month. Sales prices are determined by a markup on manufacturing cost of 40%. The costs of new inputs to the manufacturing process during the month were $285,000 (a) Calculate the missing values in the schedule below. Purchases: Beginning Inventory Ending Inventory Direct Materials Used Direct Labour Manufacturing Overhead (including indirect materials of $9,900) Transferred to Finished Goods Cost of Goods Sold Materials Work in Process Finished Goods $103,600 17.900 $8,800 (a) 18.900 90.1001 (b) 115.600 18.400 (d)
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