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The Perez Company Recorded the Following Transactions for February 20x1

Question 74

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The Perez Company recorded the following transactions for February 20x1: The Perez Company recorded the following transactions for February 20x1:    Sales were $560,000, with sales prices determined by adding a 40% markup to the firm's manufacturing cost. The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000. Note: The materials account includes both direct materials and indirect materials. Required: Calculate the missing values.
Sales were $560,000, with sales prices determined by adding a 40% markup to the firm's manufacturing cost. The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000.
Note: The materials account includes both direct materials and indirect materials.
Required:
Calculate the missing values.

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