Business, 25.06.2021 18:50 jaydenrenee111902
In the first year of business, Friendly Company paid $32,000 for direct materials and $42,000 for production workers' wages. Lease payments and utilities on the production facilities amounted to $25,000 while general, selling, and administrative expenses totaled $10,000. The company produced 4,000 units and sold 3,000 units at a selling price of $35.00 a unit. What is Friendly's cost of goods sold for the year?
A. $55,500
B.$81,750
C.$109,000
D.$74,250
Answers: 3
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