Question: When preparing a traditional income statement using absorption costing, what would be the cost of goods sold ? A company has collected the following information:

When preparing a traditional income statement using absorption costing, what would be the cost of goods sold ?

A company has collected the following information: Units produced 1,000 Units sold 800@ $40 DM, DL, VOH $5.00 per unit Fixed Overhead $16,000 Variable Selling & Admin $1.00 per unit Fixed Selling $12,000

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