Use the following information to answer the question: 1. Acquired $30,000 of Capital from...

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Accounting

Use the following information to answer the question:
1. Acquired $30,000 of Capital from owners.
2. Paid $10,000 for all material used in starting and completing 50 products this period.
3. Paid $6,000 for administrative salaries.
4. Paid $8,000 for wages of production workers.
5. Depreciation of office furniture $2,500.
6. Depreciation of manufacturing equipment $3,500.
7. Collected $28,000 in cash for all sales made during the period.
Period Costs for the period were?
Question 4 options:
a)
$ 30,000
b)
$38,500
c)
$ 8,500
d)
$ 21,500

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