Preparing Cost of Goods Sold Budget
Refer to E9-4 through E9-6 for Rainwater Corp. Use the information and solutions presented to complete the requirements.
Required:
1.Determine Rainwater’s budgeted manufacturing cost per umbrella. (Note: Assume that fixed overhead per unit is $2.)
2. Prepare Rainwater’s budgeted cost of goods sold for May and June.
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