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Author Question: During 2018, Get There Corporation incurred manufacturing expenses of $200,000 to produce 40,000 ... (Read 32 times)

MirandaLo

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During 2018, Get There Corporation incurred manufacturing expenses of $200,000 to produce 40,000 finished units. It was determined that 35,000 units were sold by the end of November while 5,000 units remained in ending inventory. The storage cost for December is $0.5 per unit.
Required:
a.What is the cost of producing one unit?
b.What is the amount that will be reported on the income statement for cost of goods sold?
c.What is the cost incurred for storing the inventory?


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Marked as best answer by MirandaLo on Mar 6, 2021

mammy1697

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MirandaLo

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Reply 2 on: Mar 6, 2021
Wow, this really help


sultansheikh

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Reply 3 on: Yesterday
:D TYSM

 

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