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Cato Company produces custom windows to specifications provided by architects. At the end of its accounting period, its account balances indicated the following: Raw

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Cato Company produces custom windows to specifications provided by architects. At the end of its accounting period, its account balances indicated the following: Raw Materials Inventory $60,000 Work in Process Inventory 60,000 Finished Goods Inventory 30,000 Cost of Goods Sold 410,000 Manufacturing Overhead (credit balance) 40,000

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