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Compute cost of goods sold using absorption costing

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Reference no: EM133147912

Question - Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

Units produced this year 25,000 units

Units sold this year 20,000 units

Direct materials $8 per unit

Direct labor $10 per unit

Variable overhead $3 per unit

Fixed overhead $50,000 in total

Given Advanced Company's data, compute cost of goods sold using absorption costing.

Reference no: EM133147912

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