Place Y (yes) beside the general ledger inventory accounts used in a job-order cost system and N

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Place Y (yes) beside the general ledger inventory accounts used in a job-order cost system and N (no) by those that are not.

______ a. Raw Materials Inventory 

______ b. Administrative Expense 

______ c. Work in Process Inventory 

______ d. Finished Goods Inventory 

______ e. President’s salary 

______ f. Cost of Goods Sold

______ g. Manufacturing overhead 

______ h. Advertising expense

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Managerial Accounting

ISBN: 9781119577720

7th Edition

Authors: James Jiambalvo

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