Determine the period cost for 2022 The following cost data pertains to Great Grains Inc. for December

Determine the period cost for 2022 

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The following cost data pertains to Great Grains Inc. for December 31st, 2022 Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000 Direct Materials Used: $100,000 Direct Costs Incurred in Production: $200,000 Indirect Costs incurred in Production: $100,000 Beginning Finished Goods Inventories: $120,000 Ending Finished Goods Inventories: $60,000 Sales: $600,000 Selling and Administrative Expenses: $160,000 5035 The following cost data pertains to Great Grains Inc. for December 31st, 2022 Ending Raw Materials Inventory: $160,000 Beginning Work-in-Process: $40,000 Ending Work-in-Process: $20,000 Direct Materials Used: $100,000 Direct Costs Incurred in Production: $200,000 Indirect Costs incurred in Production: $100,000 Beginning Finished Goods Inventories: $120,000 Ending Finished Goods Inventories: $60,000 Sales: $600,000 Selling and Administrative Expenses: $160,000 5035

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Based on the image the following are the period costs for 2022 Depreciation expense 100000 Amortiza... View the full answer