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Wallace Corporation is a company that retails in its own store the products it manufactures. It had the following activity during 2020: Direct materials Depreciation
Wallace Corporation is a company that retails in its own store the products it manufactures. It had the following activity during 2020: Direct materials Depreciation on the manufacturing plant Property taxes on retail store Labour costs of assembly-line workers CEO salary Plant manager salary Advertising expense Property taxes on plant Delivery expense Factory supplies used Sales commissions Salaries paid to sales clerks Factory janitorial salaries Salary paid to product designer Cost of Goods Sold Sales revenues 100,000 60,000 7500 110,000 75,000 60,000 45,000 14,000 21,000 13,000 35,000 50,000 50,000 60,000 435,000 810,000 What were the inventoriable product costs for the year? Select one: 0467,000 O 407,000 O 842,000 O 435,000 O 428,000 3.53 D
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