Refer to the information for Jasper Company on the previous page. Jasper Company provided the following information

Question:

Refer to the information for Jasper Company on the previous page.

Jasper Company provided the following information for last year:

Sales in units.................................280,000

Selling price.......................................$ 12

Direct materials..............................180,000

Direct labor...................................505,000

Manufacturing overhead...................110,000

Selling expense..............................437,000

Administrative expense.....................854,000

Last year, beginning and ending inventories of work in process and finished goods equaled zero.

Required:

Calculate the cost of goods sold for last year.

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Related Book For  book-img-for-question

Managerial Accounting The Cornerstone of Business Decision Making

ISBN: 978-1337115773

7th edition

Authors: Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

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