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OBrien Manufacturing Inc. Had the following information available for the month of October: Assumption:
3. OBrien Manufacturing Inc. Had the following information available for the month of October: Assumption: This company makes an identical product, and the company waits until actual overhead costs are known before calculating CGM and CGS for the month. A. How much raw material was used in October? B. What was cost of goods manufactured in October? C. What was cost of goods sold in October? D. If 1,000 identical units were sold in October, what was the cost per unit? E. If the 1,000 units were sold for $70 each, what would be net income for October?
