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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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