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A traditional income statement Cost of goods manufactured Parmitan corp....

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Accounting

A traditional income statement
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Cost of goods manufactured Parmitan corp. has provided the following data concerning last month's manufacturing operations: Purchases of raw materials $116,000 Indirect materials Included In manufacturing overhead $16,000 Direct labor $124,000 Manufacturing overhead applied to work In process $82,000 Overapplied overhead $10,000 Sales were $525.000 Selling & Administrative expences were $75,000

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