Princely Sales, Inc. has just completed its first year of operations. The company has not...
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Princely Sales, Inc. has just completed its first year of operations. The company has not had any sales to date. Princely has incurred the following costs associated with its production as of December 31, Year 1: (Click the icon to view the costs incurred.) Under absorption costing, what is the inventory amount shown on the balance sheet at December 31, Year 1? A. $150,600 B. $117,600 C. $80,000 OD. $100,500 Data table Direct materials Production labor Bookkeeper salary Factory utilities Office rent Factory supervisor salary Machine maintenance contract $ 50,000 30,000 24,000 20,500 9,000 9,500 7,600 Print Done
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