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You received no credit for this question in the previous attempt Check my work Exercise 10-8 Allocating product costs between ending Inventory and cost of
You received no credit for this question in the previous attempt Check my work Exercise 10-8 Allocating product costs between ending Inventory and cost of goods sold LO 10-3 Stuart Manufacturing Company began operations on January 1. During the year, it started and completed 1630 units of product. The financial statements are prepared in accordance with GAAP The company incurred the following costs: 1. Raw materials purchased and used-$3,070 2. Wages of production workers-$3,480. 3. Salaries of administrative and sales personne $1.910. 4. Depreciation on manufacturing equipment-$4.697 5. Depreciation on administrative equipment-$1750 Stuart soid 1.060 units of product. Required a. Determine the total product cost for the year Determine the total cost of the ending inventory (Do not round Intermediate calculations) c. Determine the total of cost of goods sold. (Do not round intermediate calculations.) 4. Depreciation on manufacturing equipment-$4,697 5. Depreciation on administrative equipment-$1,750. Stuart sold 1,060 units of product. Required a. Determine the total product cost for the year b. Determine the total cost of the ending inventory. (Do not round intermediate calculations c. Determine the total of cost of goods sold. (Do not round Intermediate calculations a b Total product cost Total cost of ending inventory otal cost of goods sold $ $ $ 9.694 5213 14,907 c e to search
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