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Production costs chargeable to the Sanding Department in July for Recycled Art are $20,000 for materials, $26,000 for labor, and $10,000 for manufacturing overhead. Equivalent units of production are 25,000 for materials and 30,000 for conversion costs.
Question a) Compute the unit costs for materials costs
Question b) Compute the unit costs for conversion costs.
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Determine the cost of goods sold for the company assuming purchases during the period were $43,200, transportation-in was $450, purchase returns.
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