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Compute the average cost of producing one unit of product

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Problem - W. W. Phillips Company produced 4,000 leather recliners during the year. These recliners sell for $400 each. Phillips had 500 recliners in finished goods inventory at the beginning of the year. At the end of the year, there were 700 recliners in finished goods inventory. Compute the average cost of producing one unit of product in the year.

Reference no: EM132870086

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