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Cost Concepts

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Listed below are the missing information in the original attachement.

Question 1

WIP Dec 31,2009 3,500

Finished Goods Dec 31,2009 10,000

Other Data
General and Administrative Costs $5,000

Calculate Cost of Goods Manufactured and Sold (CGM&S), Gross Margin, and Net Operating Income for the year.

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The expert examines the cost concepts for general administrative costs.

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