FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Adelphi Company provides the following information for their first year
of operations in 2018:
Sales
9,000 units @ $16 each
Total production
11,000 units
Production costs per unit:
Direct materials
Direct labor
Variable overhead
Fixed manufacturing overhead
$ 2.00
$ 4.00
$ 1.00
$13,000
Adelphi Company uses absorption costing. Use this information to
determine for Adelphi Company the FY 2018 Cost of Goods Sold.
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Transcribed Image Text:Adelphi Company provides the following information for their first year of operations in 2018: Sales 9,000 units @ $16 each Total production 11,000 units Production costs per unit: Direct materials Direct labor Variable overhead Fixed manufacturing overhead $ 2.00 $ 4.00 $ 1.00 $13,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold.
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