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The following transactions pertain to Raff Manufacturing Company: 1 - The company purchased materials of $ 1 5 , 0 0 0 cash. 2 -
The following transactions pertain to Raff Manufacturing Company:
The company purchased materials of $ cash.
The company consumed used materials of $
The company paid $ per direct hour labor.
The overhead cost $ per direct hour.
Each unit of the final product consumes minutes.
Total produced units during the year unit.
Beginning inventories: materials $; WIP $; FG $
Ending inventories: materials $; WIP $; FG $
The company sold units $ per unit.
The operational expenses were $
Instructions: Prepare the income statement.
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