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Using the spreadsheet below to answer the following question(s).
The spreadsheet below shows the net income model for a company that sells shoes.
-Using the spreadsheet below, provide the steps in using Excel formulas in finding the cost of the first order for Item number 1345, and the total cost of all Item numbers 1345, using the Match and Index functions in Excel.Column B is sorted by item number in ascending order.
Product Costs
All costs incurred to acquire or produce a product that is intended for sale, including direct materials, direct labor, and manufacturing overhead.
Conversion Costs
Expenses related to converting raw materials into finished goods, typically including labor and manufacturing overhead.
Product Costs
Expenses directly tied to the creation of a product, including materials, labor, and manufacturing overhead.
Period Costs
Expenses that are not directly tied to the production of goods or services, such as selling, general, and administrative expenses, and are expensed in the period incurred.
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