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Harry manufacturing Ltd produces weather vanes
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
Expert Solution
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