Kline Manufacturing recorded the following amounts in its inventory accounts in 2011. Required Determine the dollar amounts

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Kline Manufacturing recorded the following amounts in its inventory accounts in 2011.

Raw Materials Inventory Work in Process Inventory 30,000 (a) 8,000 8,000 16,000 Finished Goods Inventory 8,000 (d) 1,000

Required
Determine the dollar amounts for (a), (b), (c), (d), and (e). Assume that underapplied and overapplied overhead is closed to Cost of Goods Sold.

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078110894

6th Edition

Authors: Edmonds, Tsay, olds

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Question Posted: Dec 07, 2011 06:11 AM

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Kline Manufacturing recorded the following amounts in its inventory accounts in 2011. Required Determine the dollar amounts

Question:

Raw Materials Inventory Work in Process Inventory 30,000 (a) 8,000 8,000 16,000 Finished Goods Inventory 8,000 (d) 1,000 Manufacturing Overhead (b) 12,000 1,000 12,000 (c) Cost of Goods Sold (e)

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Raw Mat Inventory WIP Inventory 30000 a 22...View the full answer

Fundamental Managerial Accounting Concepts

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