Selected ledger accounts of Moore Company are given below for the just completed year: Raw Materials Manufacturing
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Selected ledger accounts of Moore Company are given below for the just completed year:
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Raw Materials Manufacturing Overhead Bal. 1/1 Debits 15,000 Credits 120,000 110,000 Debits 230,000 Credits 2400002 Bal. 12/31 25,000 Work in Process Factory Wages Payable Bal. 1/1 20,000 Credits 470,000 Debits Direct materials 90,000 185,000 Bal. 1/1 Credits 9,000 180,000 Bal. 12/31 4,000 Direct labor 150,000 Overhead 240,000 Bal. 12/31 ? Bal. 1/1 Debits Bal. 12/31 Finished Goods 40,000 Credits 470,000? 60,000 Cost of Goods Sold ? Debits 450,000 450,000?
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Related Book For
Introduction To Managerial Accounting
ISBN: 9780073048833
3rd Edition
Authors: Peter Brewer, Ray Garrison, Eric Noreen
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