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6) Miguel, a manager for Sierra Company, is inspecting the reports provided by his company's accounting department. He wants to decide how to schedule his
6) Miguel, a manager for Sierra Company, is inspecting the reports provided by his company's accounting department. He wants to decide how to schedule his department's employees in production next week. Miguel is examining A) regulatory accounting information B) financial accounting information C) organizational accounting information D) managerial accounting information 1) 7) Uniq Works purchased raw materials amounting to $122,000 on account and $19,000 for cash. The materials will be used to manufacture upholstery for furniture manufacturers on a contract basis. Which of the following journal entries correctly records this transaction? 141,000 A Work-in-Process Inventory Accounts Payable 141,000 B) Accounts Payable Cash Raw Materials Inventory 122,000 19,000 141.000 141,000 C) Raw Materials Inventory Cash Accounts Payable 19,000 122,000 141,000 D) Finished Goods Inventory Accounts Payable 141,000
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