Refer to the T-accounts in Exhibit 4.18. Answer the following questions in words, not numbers. a. What

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Refer to the T-accounts in Exhibit 4.18. Answer the following questions in  words, not numbers.

a. What increases Raw Materials Inventory? What decreases Raw Materials Inventory?

b. What increases Work in Process Inventory? What decreases Work in Process Inventory?

c. What increases Finished Goods Inventory? What decreases Finished Goods Inventory?

d. What increases Manufacturing Overhead? What decreases Manufacturing Overhead?

e. What increases Cost of Goods Sold?

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Managerial Accounting

ISBN: 9781119577669

4th Edition

Authors: Charles E. Davis, Elizabeth Davis

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