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The following data are given for X Firm (in millions of dollars) 16 MARKS: Beginning and Ending inventories $0 Sales Direct materials used Direct

The following data are given for X Firm (in millions of dollars) 16 MARKS: Beginning and Ending inventories $0 Sales Direct materials used Direct labour cost Factory overhead 390 80 180 ? Selling and administrative expenses? Gross profit Net income (no income taxes) 70 22 22

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