=+2 Post the entries in requirement 1 to ledger accounts for applicable Inventory: Materials and in-process control,

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=+2 Post the entries in requirement 1 to ledger accounts for applicable Inventory: Materials and in-process control, Finished goods control, Conversion costs control, Conversion costs allocated and Cost of goods sold.

3 Under an ideal JIT production system, how would the amounts in your journal entries differ from those in requirement 1?

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Muhammad Salman Alvi

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