3) 7 Sees sells bottled water for $5 per bottle. The firm had no
beginning inventory at the start of the month, budgeted production
of 1,000 bottles, and production capacity of 1,200 bottles. Actual
production and sales were 900 bottles and 700 bottles,
respectively. Costs during the month were as follows:
Variable manufacturing costs $2 per bottle produced
Variable marketing costs $0.40 per bottle sold
Fixed manufacturing costs $900
Fixed marketing costs $500
a) What is cost of goods sold...