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Answer to Question #64294 in Accounting for mahamat

Question #64294
 The following current-year information is available for Petersen’s marketing consulting firm:
Sales $500,000
Beginning work in process 1,000
Ending work in process 1,500
Direct Labor 75,000
Direct materials 20,500
Overhead 90,000
Selling Expenses 20,000
Administrative Expenses 65,000

Prepare an income statement for Petersen
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