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The following information pertains to Amigo Corporation: Cash is collected from customers in the following manner: 40% of purchases are paid for in cash in

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The following information pertains to Amigo Corporation: Cash is collected from customers in the following manner: 40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month. Fixed manufacturing overhead costs are $34,000 per month which includes $8,000 of depreciation. The remaining costs are paid monthly

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