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Revenues in 2020 were $540,000.The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's

Revenues in 2020 were $540,000.The selling price per unit and the purchase price per pound of direct materials were stable throughout the year. The company's ending inventory of finished goods is carried at the average unit manufacturing cost for 2020. Finished-goods inventory at December 31, 2020, was $15,400.

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