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Zee Corporation operated at 100% of capacity during its first month and incurred the following costs: Selling price is $800 per unit. Production costs (2,000
Zee Corporation operated at 100% of capacity during its first month and incurred the following costs: Selling price is $800 per unit. Production costs (2,000 units): Direct materials Direct labor Variable factory overhead Fixed factory overhead Operating expenses: Variable operating expenses Fixed operating expenses $180,000 240,000 280,000 100.000 $800,000 $130,000 50.000 180,000 If 400 units are sold during the month, what is total cost of goods sold reported under Absorption Costing
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