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1 . Preparer journal entries to record the transactions for the year. 2 . prepare T accounts for each inventory account, manufacturing overhead, cost of

1. Preparer journal entries to record the transactions for the year.

2. prepare T accounts for each inventory account, manufacturing overhead, cost of good sold. post relevant data from your journal entry to these T accounts (don't forget to enter the beginning bounces in your inventory accounts).

3A. is manufacturing overhead under applied or overapplied? 

3B. prepare a journal entry to close manufacturing overhead to cost of good sold.

4.prepare an income statement. all the information needed for the income statement is available in the journal entries and T accounts you Have prepared.

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To answer this question I will assume that the following transactions occurred during the year Began the year with 10000 in raw materials inventory 5000 in workinprogress inventory and 20000 in finish... blur-text-image

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