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Business, 03.05.2021 20:30 finlchey3860

The accounting records for Poole Manufacturing Company included the following cost information relating to its first year of operations: Direct materials $ 25,000 Direct labor $ 50,000 Fixed manufacturing overhead $ 40,000 Variable manufacturing overhead $ 20,000 Assume the company produced 10,000 units of inventory and sold 7,000 of these units for $119,000. What amount of finished goods will be reported on the balance sheet at the end of the year under absorption costing

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