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Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a...

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Accounting

Ida Company produces a handcrafted musical instrument called a gamelan that is similar to a xylophone. The gamelans are sold for $920. Selected data for the company's operations last year follow:
\table[[Units in beginning inventory,0],[Units produced,275],[Units sold,260],[Units in ending inventory,15],[Variable costs per unit:,110],[Direct materials,$30
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