Dayton, Inc. manufactured 15,000 units of product last month and identified the following costs associated with the manufacturing activity: Variable costs: Direct materials used $ 1,006,000 Direct labor 2,089,000 Indirect materials and supplies
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Wordmill Publications purchased a printing machine for $40,000 on January 1, 20X1. On December 31, 20X5, it sold the printing machine for $25,000. The book value of the equipment on the date of sale was $20,000.
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