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20 The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 4,550 8,100 4,750 Work in Process Beg
20
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
| Raw Materials | |||
| Beg Bal | 4,550 | 8,100 | |
| 4,750 | |||
| Work in Process | |||
| Beg Bal | 3,650 | 21,750 | |
| 5,750 | |||
| 8,050 | |||
| 7,850 | |||
| Finished Goods | |||
| Beg Bal | 1,750 | 19,950 | |
| 21,750 | |||
| Manufacturing Overhead | |||
| 2,350 | 7,850 | ||
| 3,050 | |||
| 2,750 | |||
| Wages & Salaries Payable | |||
| 19,950 | Beg Bal | 2,050 | |
| 11,100 | |||
| Cost of Goods Sold | |||
| Beg Bal | 19,950 | ||
The manufacturing overhead applied was:
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HRD Audit Evaluating The Human Resource Function For Business Improvement
Authors: RAO
1st Edition
0761993509, 978-0761993506
