During its first year of operations,Forrest Company paid $30,000 for direct materials and $50,000 in wages for production workers.Lease payments,utility costs,and depreciation on factory equipment totaled $15,000.General,selling,and administrative expenses were $20,000.The average cost to produce one unit was $2.50.How many units were produced during the period?
A) 40,000
B) 46,000
C) 38,000
D) None of these.
Correct Answer:
Verified
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Q7: Managerial accounting information is limited or restricted
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