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During the first year of operations, Shapiro Tool accumulated the following manufacturing costs: Purchased Raw materials, on account $8,000 Accrued Factory labor 6,000 Paid cash
During the first year of operations, Shapiro Tool accumulated the following manufacturing costs: | |
Purchased Raw materials, on account | $8,000 |
Accrued Factory labor | 6,000 |
Paid cash for purchase of Raw materials | 87,000 |
Paid Factory labor | 44,000 |
Prepare separate journal entries for each manufacturing cost. |
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