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V Inc., incurred the following costs in September 2020:
Direct materials $214236
Direct labour $372556
Variable factory overhead $213577
Variable SG&A $123928
Fixed factory overhead $159107
Fixed SG&A $222043
The company's inventory levels are as follows:
September 1 / September 30
Direct Materials $49176 / $53310
Work in Process $82641 / $71303
Finished Goods $56238 / $99516
Problem 1: What are the Costs of Goods Sold in September?
What each ratio and piece of financial data means and explain the trends in each; are they increasing or decreasing and is this trend positive or negative for the firm and why?
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