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Lucy Sportswear manufactures a line of specialty T-shirts using a job order costing system. In March the company incurred the following costs to complete Job ICU2: direct materials, $13,200, and direct labor, $4,900. The company also incurred $1,230 of administrative costs and $6,000 of selling costs to complete this job. Job ICU2 required 800 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour.
If Job ICU2 resulted in 6,400 good shirts, what was the cost of goods sold per shirt? (Round answer to 2 decimal places, e.g. 3.54.)
choose the correct option in the question.choose the correct answer from the given option.1.nbspcost of goods sold is
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Rensing, Inc., has $800,000 of 5% preferred stock and $1,200,000 of common stock outstanding, each having a par value of $10 per share. No dividends have been paid or declared during 2013 and 2014. As of December 31, 2015, it is desired to distribute..
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Prepare the following budgets for the fiscal year ending December 31, 2006 using the provided spreadsheets. Note: it is required to use the provided worksheets using Excel formulas.
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