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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.

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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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.
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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