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What is silvers cost of goods sold for the year

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During its first year of operations, Silver Company paid $10,000 for direct materials and $11,500 for production workers' wages. Lease payments and utilities on the production facilities amounted to $10,500 while general, selling, and administrative expenses totaled $3,000. The company produced 8,000 units and sold 5,000 units at a price of $6.50 a unit.

What is Silver's cost of goods sold for the year?

Reference no: EM131796424

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