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Calculate Cost of goods sold under absorption costing

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Question - XYZ Co. sells its product for $60 per unit. During 2019, it produced 70,000 units and sold 60,000 units (there was no beginning inventory). Costs per unit are: direct materials $14, direct labor $8, and variable manufacturing overhead $3. Fixed costs are: $721,000 manufacturing overhead, and $90,000 selling and administrative expenses. Calculate Cost of goods sold under absorption costing?

Reference no: EM132730342

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