During its first year of operations, Forrest Company paid $47,290 for direct materials and $50,700 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $14,300. General, selling, and administrative expenses were $20,700. The average cost to produce one unit was $5.70. How many units were produced during the period? 20,823 19,700 23,332 None of these.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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During its first year of operations, Forrest
Company paid $47,290 for direct materials
and $50,700 in wages for production
workers. Lease payments, utility costs, and
depreciation on factory equipment totaled
$14,300. General, selling, and
administrative expenses were $20,700. The
average cost to produce one unit was
$5.70. How many units were produced
during the period?
20,823
19,700
23,332
None of these.
Transcribed Image Text:During its first year of operations, Forrest Company paid $47,290 for direct materials and $50,700 in wages for production workers. Lease payments, utility costs, and depreciation on factory equipment totaled $14,300. General, selling, and administrative expenses were $20,700. The average cost to produce one unit was $5.70. How many units were produced during the period? 20,823 19,700 23,332 None of these.
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