The company manufactures boxes. It expects to sell 20,000 boxes in 2012. The company had enough beginning inventory materials to produce 24,000 units. The beginning inventory of finished units totaled 2,000 with a target ending inventory of 2,500 units. The boxes sell for 3 dollars and the company keeps no work-in-process inventory. Direct materials cost for each box total 1 dollar, while direct labor is .50 factory overhead, is .20 per box What will be Berry's Cost of goods sold in 2018?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
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Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 2PB: Five Card Draw manufactures and sells 10,000 units of Aces, which retails for $200, and 8,000 units...
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The company manufactures boxes. It expects to sell 20,000 boxes in 2012. The
company had enough beginning inventory materials to produce 24,000 units. The
beginning inventory of finished units totaled 2,000 with a target ending inventory of
2,500 units. The boxes sell for 3 dollars and the company keeps no work-in-process
inventory. Direct materials cost for each box total 1 dollar, while direct labor is .50
factory overhead, is .20 per box What will be Berry's Cost of goods sold in 2018?
Transcribed Image Text:The company manufactures boxes. It expects to sell 20,000 boxes in 2012. The company had enough beginning inventory materials to produce 24,000 units. The beginning inventory of finished units totaled 2,000 with a target ending inventory of 2,500 units. The boxes sell for 3 dollars and the company keeps no work-in-process inventory. Direct materials cost for each box total 1 dollar, while direct labor is .50 factory overhead, is .20 per box What will be Berry's Cost of goods sold in 2018?
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