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Mighty Muffler, Inc

Two problems are included, one for the calculations of Beginning inventory of finished goods, Cost of goods manufactured during period, Ending inventory of finished goods, Cost of goods sold, and the other for the calculations of Fixed Costs, Variable Costs, and Total Costs at different levels of activity.

Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 700 mufflers were replaced.

Required:
Fill in the missing amounts in the table. (Round your answers to 2 decimal places. Omit the "$" sign in your response).

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Solution Summary

Cost of Goods Sold = (Beginning Inventory of Finished Goods + Cost of Goods Manufactured During the Period) - Ending Inventory of Finished Goods.

For each case below, find the missing amount

Mighty Muffler, Inc. operates an automobile service facility that specializes in replacing mufflers on compact cars. The following table shows the costs incurred during a month when 700 mufflers were replaced

$2.19