Question

Anna Company provides the following information for their first year of operations in

2018:

           Sales, 9,000 units @ $20 each

           Total production, 11,000 units

     Production costs per unit:

        Direct materials           $2.00

                    Direct labor                  $4.00

                    Variable overhead       $2.00

           Fixed manufacturing overhead      $9,000

Anna Company uses absorption costing. Use this information to determine for Anna Company the FY 2018 Cost of Goods Sold.

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