Business
Business, 27.05.2020 19:11, Kin90ful

1. Amazing Company has assumed the following for their 2021 budget, which begins July 1, 2020: The estimated inventories on July 1, 2020, for finished goods, work in process, and materials were $245,000, $84,000 and $90,000 respectively. Also, the desired inventories on June 30, 2021, for finished goods, work in process, and materials were $275,000, $96,000 and $100,000 respectively. Direct material purchases were $647,000. Direct labor was $632,000 for the year. Factory overhead was $312,000. Prepare a cost of goods sold budget for the company

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1. Amazing Company has assumed the following for their 2021 budget, which begins July 1, 2020: The e...

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