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If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $10 per direct labor-hour, what is the estimated finished goods inventory balance at the end of July? \

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mirianmoses

Answer:

Explanation:

Unit Cost = (4×2.50+15×2+10×2) = 60 per unit

Cost of goods sold = 28000×60 = $1680000

Gross margin = (70-60)×28000 = $280000

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