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The following information was extracted from the first year absorption-based accounting records of Ellis Corporation Total fixed costs incurred $100,000 Total variable costs incurred 50,000
The following information was extracted from the first year absorption-based accounting records of Ellis Corporation Total fixed costs incurred $100,000 Total variable costs incurred 50,000 Total period costs incurred 70,000 Total variable period costs incurred 30,000 Units produced 20,000 Units sold 12,000 Unit sales price $12 Refer to Ellis Corporation. What is Cost of Goods Sold for Ellis Corporation's first year
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