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Business, 08.10.2019 17:30 lyn36

During its first year of operations, silverman company paid $12,240 for direct materials and $10,700 for production workers' wages. lease payments and utilities on the production facilities amounted to $9,700 while general, selling, and administrative expenses totaled $3,800. the company produced 6,800 units and sold 4,200 units at a price of $7.30 a unit. what is the amount of finished goods inventory on the balance sheet at year-end?

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During its first year of operations, silverman company paid $12,240 for direct materials and $10,700...
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