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5. The following information has been taken from the accounting records of Klear-Seal Corporation for last year: Management wants these data organized in a better
5. The following information has been taken from the accounting records of Klear-Seal Corporation for last year: Management wants these data organized in a better format so that financial statements can be prepared for the year. Required: 1. Prepare a schedule of cost of goods manufactured. Assume raw materials consists entirely of direct materials. 2. Compute the cost of goods sold. 3. Prepare an income statement
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