Question: Solve it quickly within 20 minutes and get two upvotes immediately Salhiya Manufacturing Company produced 25,000 units during 2019 and provided the following information for

Solve it quickly within 20 minutes and get two upvotes immediately

Solve it quickly within 20 minutes and get two upvotes immediately Salhiya

Salhiya Manufacturing Company produced 25,000 units during 2019 and provided the following information for the year ended December 31, 2019: Sales revenue $750,000 Sales Returns 5,000 Sales Discount 7,000 35,000 40,000 Finished goods inventory, January 1 Finished goods inventory, December 31 Cost of goods manufactured Total manufacturing overhead cost Direct material used 73,000 15,000 20,000 Direct labor 30,000 25,000 Total selling and administrative expenses Interest expenses 4,000 Interest revenues 3,000 Gain from the sale of equipment 12,000 Gross profit for the period ended December 31, 2019 equals: Select one: O $ 677,000. O $ 671,000. O $ 682,000. O $ 676,000. O $ 670,000

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