(Answered) Quality cabinet company uses a standard costing system and

Accounting

Quality Cabinet Company uses a standard costing system and produced 1,860 cabinets during May. The standard cost of wood is $20 per linear foot, and the standard quantity for each cabinet is 29 linear feet. During May, the company purchased 57,040 linear feet of wood for $1,083,760, and 55,140 feet were used in production. The company purchases all materials on account.

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