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for the following transactions bellow, determine which account will be debited and which will be credited. The relevant accounts are: raw material inventory, work in
for the following transactions bellow, determine which account will be debited and which will be credited. The relevant accounts are: raw material inventory, work in process inventory, finished goods inventory, cost of goods sold, accounts payable, wages payable, and manufacturing overhead control.
- $34,850 of materials that is used in production
- The recording of payment of rent ($10,000) and production supervisor salaries ($6,000)
- The use of hourly direct labor in production ($15 per direct labor hour)
- Job H is sold for $350,000
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