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Gilkison Corporation uses a job-order costing system to assign manufacturing costs to jobs. At the end of the month it closes out any overapplied or
Gilkison Corporation uses a job-order costing system to assign manufacturing costs to jobs. At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold. Its balance sheet on October 1 appears below: Summaries of the transactions completed during October appear below: Required: a. Complete the spreadsheet below. b. Prepare a Schedule of Cost of Goods Sold for the company for October. c. Prepare an Income Statement for the company for October. Complete this question by entering your answers in the table below. Prepare a Schedule of Cost of Goods Sold for the company for October. Complete this question by entering your answers in the table below. Complete the spreadsheet below. (Negative or Deductible amounts should be entered with a minus sign.) Prepare an Income Statement for the company for October
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