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choose the best answer Cardsheet Company The following partially completed T accounts summarize the transactions of Cardsheet Company for last year Materials Inventory 1,00018,000 Beg

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Cardsheet Company The following partially completed T accounts summarize the transactions of Cardsheet Company for last year Materials Inventory 1,00018,000 Beg Bal 17,000 Work in Process Inventory 9,00062,300 11,000 15,000 30,000 Beg Bal Overhead 7,000 30,000 14,000 7,000 3,000 Cost of Goods Sold Accounts Payable 17,000 3,000 Finished Goods Invento Beg Bal 16,000 62,300 13,000 End Bal Payroll Payable 5,000 31,000 Beg Bal Office Salaries Expense 9,000 Accumulated Depreciation (Factory) 80,000 14,000 Beg Bal 7. The cost of goods sold (after adjusting for under- or overapplied overhead) is a. $92,300 b. $60,300. c. $34,300 d. $66,300

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