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Fidalgo Company Makes Stereos

Question 75

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Fidalgo Company makes stereos.During the year,Fidalgo manufactured and sold 75,000 stereos at a sales price of $575 per unit.Fidalgo's per-unit product cost was $540 and selling and administrative expenses totaled $2,000,000.
Required:
Fidalgo Company makes stereos.During the year,Fidalgo manufactured and sold 75,000 stereos at a sales price of $575 per unit.Fidalgo's per-unit product cost was $540 and selling and administrative expenses totaled $2,000,000. Required:

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