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What amount should be reported as cost of goods sold

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Question - During its first month of operations, a manufacturer incurs the following costs (in dollars) related to activities within its factory:

Direct materials $15,000

Direct labor $30,000

Manufacturing overhead $40,000

What amount should be reported as cost of goods sold on the income statement if 5,000 units are produced and 4,000 are sold?

a. $56,000

b. $68,000

c. $70,000

d. $85,000

Reference no: EM132578352

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