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Homework answers / question archive / Advanced Company reports the following information for the current year

Advanced Company reports the following information for the current year

Accounting

Advanced Company reports the following information for the current year. All beginning inventory amounts equaled $0 this year.

    Units produced this year 39,000unitsUnits sold this year 23,400unitsDirect materials$23per unitDirect labor$25per unitVariable overhead$3per unitFixed overhead$195,000in total

Given Advanced Company's data, compute cost of finished goods in inventory under variable costing.

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