Question 1 30 pts (TCO A) The following data (in thousands of dollars) have been taken from the accounting records of the following company for the just-completed year. Sales ………………………………………………………………$1,950 Raw materials inventory, beginning …………………………$50 Raw materials inventory, ending ……………………………..$30 Purchases of raw materials …………………………………..$360 Direct labor …………………………………………………………$120 Manufacturing overhead ……………………………………….$175 Administrative expenses ……………………………………….$100 Selling […]
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