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Harry manufacturing Ltd produces weather vanes

Accounting Aug 17, 2020

Harry manufacturing Ltd produces weather vanes. For the just-ended,

Harry produced 10,000 weather vanes with the following total costs: 


Direct materials                 $20,000
Direct labor                     $35,000
Overhead                      $10,000
Selling expenses                  $6,250
Administrative expenses          $14,400


During the year, Harry sold 9,800 units for $12 each. Beginning finished goods inventory and ending finished goods inventory cost would be $4,095 and $5,395 respectively. There were no beginning or ending inventories of work in process. 
Determine the cost of goods manufactured, 
Answer 1
Choose...
$69,095
$96,950
$52,600
$33,250
$63,700
$74,550
$53,900
$65,000
$59,605
Determine the cost of goods sold, 
Answer 2
Choose...
$69,095
$96,950
$52,600
$33,250
$63,700
$74,550
$53,900
$65,000
$59,605
Calculate the net income of Harry manufacturing Ltd, 
Answer 3
Choose...
$69,095
$96,950
$52,600
$33,250
$63,700
$74,550
$53,900
$65,000
$59,605

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