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The Kerwin Company had the following data (in thousands) for a given period: Sales $780 Direct materials 180 Direct labor 230 Indirect manufacturing costs 210
The Kerwin Company had the following data (in thousands) for a given period: Sales $780 Direct materials 180 Direct labor 230 Indirect manufacturing costs 210 Selling and administrative expenses 130 There were no beginning or ending inventories. Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost).
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