Chapter 3, Problem 3.2BE

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In its first year of operation, Summit Publications produced 72,000 books and had 1,800 books in inventory at year end. The cost of goods sold for the year was $425,000. What were the total manufacturing costs for the year if the average unit cost was $7.50 per book?

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ABC Company has December unit sales of 12,000 units. Assuming a 5 percent growth, what is the projected unit sales?

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