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  3. the company had the following data (in thousands)

The Company had the following data (in thousands) for a given period: ...

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Question

Accounting

The

Company had the following data (in thousands) for a given period:

Sales $790
Direct materials 230
Direct labor 200
Indirect manufacturing costs 150
Selling and administrative expenses 110

...

Question content area top right

Part 1

There were no beginning or ending inventories.

Requirement

1. Compute the (1) manufacturing cost of goods sold, (2) gross profit, (3) operating income, and (4) conversion cost (total manufacturing cost less materials cost).

Question content area bottom

Part 1

(1) Determine the formula, then compute the manufacturing cost of goods sold.

+ + = Mfg. cost of goods sold
+ + =
Answer & Explanation Solved by verified expert
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