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For each of the 4 accounts below, prepare an example of a journal entry that would cause the account to be (1) debited and (2)
For each of the 4 accounts below, prepare an example of a journal entry that would cause the account to be (1) debited and (2) credited using a process costing system. Assume perpetual inventory records are maintained. Include written explanations with your journal entries and use XXX in place of $ amounts
a. materials inventory
b. direct labor
c. manufacturing overhead
d. finished goods inventory
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