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The Perez Company recorded the following transactions for February 20x1:
Sales were $560,000, with sales prices determined by adding a 40% markup to the firm's manufacturing cost. The total cost of direct materials used, direct labor, and manufacturing overhead during the month was $285,000.
Note: The materials account includes both direct materials and indirect materials.
Required:
Calculate the missing values.
Agent Orange
A herbicide and defoliant chemical used by the U.S. military during the Vietnam War, which has caused health issues for exposed military personnel and Vietnamese.
Arms Agreement
A pact between two or more nations to regulate or limit the development, production, or deployment of weapons systems and military forces.
United States
A country in North America comprising 50 states and a federal district, known for its democratic governance and mixed economy.
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