Chapter 13, Problem 63FF

Answer? ? Financial accounting

Subject: Financial Accounting

Given correct answer general Accounting question

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Provide answer to financial question below

Zachary Manufacturing Company began operations on January 1. During the year, it started and completed 1,610 units of product. The financial statements are prepared in accordance with GAAP. The company incurred the following costs: Raw materials purchased and used Wages of production workers Salaries of administrative and sales personnel Depreciation on manufacturing equipment Depreciation on administrative equipment $ 3,210 $ 3,510 $1,980 $ 5,033 $1,815 Zachary sold 1,180 units of product. Required: 1. Determine the total product cost for the year. 2. Determine the total cost of the ending inventory. 3. Determine the total of cost of goods sold.

General accounting question

Accounting

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