Here are the columns reflecting the statement of cost of goods P.0.1,2 manufactured and the income statement

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Here are the columns reflecting the statement of cost of goods P.0.1,2 manufactured and the income statement in the work sheet of the Sero Pump Cor¬

poration as of December 31, the end of the fiscal year. Beginning inventory of raw materials is $142,920; beginning inventory of work-in-process is

$253,400.

Instructions , Gross profit, $804,720 1. Prepare a statement of cost of goods manufactured.
2. Prepare an income statement.
3. Journalize the adjusting entries for the inventories.
4. Journalize the closing entries.

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College Accounting Chapters 1-26

ISBN: 9780395796993

6th Edition

Authors: Douglas J. McQuaig, Patricia A. Bille

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Question Posted: Jun 28, 2024 01:06 AM

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Here are the columns reflecting the statement of cost of goods P.0.1,2 manufactured and the income statement

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College Accounting Chapters 1-26

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