XYZ Co. sells its product for $60 per unit. During 2019, it produced 70,000 units and sold
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Question:
XYZ Co. sells its product for $60 per unit.
During 2019, it produced 70,000 units and sold 60,000 units (there was no beginning inventory). Costs per unit are: direct materials $14, direct labor $8, and variable manufacturing overhead $3. Fixed costs are: $721,000 manufacturing overhead, and $90,000 selling and administrative expenses
calculate Cost of goods sold under absorption costing
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