None Year 1 financial data for the WGF Company is as follows:(Click the icon to view the Year 1 financial data.)Under the absorption method, Year 1 cost of goods sold will beOA. $2,470,000OB. $2,300,000OC. $2,100,000OD. $3,150,000Year 1 financial dataSalesDirect materialsDirect manufacturing laborVariable manufacturing overheadFixed manufacturing overheadVariable SG&AFixed SG&A$5,800,000700,0001,400,000200,000850,000170,000230,000

Step 1:Under absorption costing cost of goods sold is calculated by adding all direct manufacturing…

Answered: Year 1 financial data for the WGF…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter1: Introduction To Managerial Accounting

Section: Chapter Questions

Problem 5PA: Statement of cost of goods manufactured and income statement for a manufacturing company The...

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