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Business, 08.10.2020 01:01 stmy1969

he following information pertains to Adams Manufacturing Company for March Year 3. Assume actual overhead equaled applied overhead. March 1 Inventory balances Raw materials $ 123,900 Work in process 118,400 Finished goods 77,400 March 31 Inventory balances Raw materials $ 85,500 Work in process 145,200 Finished goods 80,900 During March Costs of raw materials purchased $ 118,900 Costs of direct labor 100,500 Costs of manufacturing overhead 62,800 Sales revenues 356,000 Required Prepare a schedule of cost of goods manufactured and sold. Calculate the amount of gross margin on the income statement.

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he following information pertains to Adams Manufacturing Company for March Year 3. Assume actual ove...
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