Question: Problem 1: The following data relates to the Sonar Company's first operating period. Overhead rate Cost/unit Direct Direct Materials Labor $10 $12 Product Units Ending

 Problem 1: The following data relates to the Sonar Company's first

Problem 1: The following data relates to the Sonar Company's first operating period. Overhead rate Cost/unit Direct Direct Materials Labor $10 $12 Product Units Ending Produced Inventory 215 115 330 180 250 200 (Percent of Direct Labor cost) 60% 40% 80% 15 14 10 Required: Calculate cost of goods sold for each product by completing the schedule below. Products Direct materials (per unit) Direct labor (per unit) Overhead* (per unit) Total cost (per unit) Units sold** Cost of goods sold

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