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Q1) Information pertains to Ball Company given below:                

Manufacturing costs $2,400,000
Units manufactured 40,000
Beginning inventory 0 units

39,800 units are sold in the year for $100 per unit.

a) Compute the average manufacturing cost per unit?

b) Determine amount of ending finished goods inventory?

c) Compute amount of gross margin?

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M919011

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