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Martinez Manufacturing Inc. showed the following costs for last month:
Direct materials ................... $7,000Direct labor ......................... 3,000Manufacturing overhead ......... 2,000Selling expense .................... 8,000Last month, 6,000 units were produced and sold.
Required:
1. Classify each of the costs as product cost or period cost.
2. What is total product cost for last month?
3. What is the unit product cost for last month?
western corp. produces two products cigars and chewing tobacco from a joint process involving the processing of tobacco
Journal entries and trial balance On October 1, 2012, Faith Schultz established Heavenly Realty, which completed the following transactions during the month
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Browne and Red, both C corporations, formed the BR Partnership on January 1, 2009. Neither Browne nor Red is a personal service corporation, and BR is not a tax shelter. BR's gross receipts were $4.6 million, $5 million, $6 million, and $7 million..
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