Pitman chemical company manufactures and sells goody a, Ask an Expert

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Pitman Chemical Company manufactures and sells Goody, a product that sells for $10 per pound. The manufacturing process also yields 1 pound of a waste product, called Baddy, in the production of every 10 pounds of Goody. Disposal of the waste product costs $1per pound. During March, the company manufactured 200,000 pounds of Goody. Total manufacturing cots were as follows:

Direct materials $232,000

Direct labor 120,000

Manufacturing support cost 60,000

Total costs $412,000

Determine the cost per pound of Goody.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9797313

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