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How to find the missing values (represented by ? marks ) in the incomplete T-accounts ?. Analysis of process costing flows.xlsx Review the incomplete T-accounts,
How to find the missing values (represented by ? marks ) in the incomplete T-accounts ?.
Analysis of process costing flows.xlsx Review the incomplete T-accounts, thinking about the missing values (represented by ? marks). Use the pick-list choices accessible from the boxed areas to respond to the queries. Correct responses will turn the applicable answer box green. Work in Process 1st Department Beginning Balance 500,000 ? Transfer to 2nd Department January costs 1,000,000 Total Debits 1,500,000 ? Total Credits Ending Balance 600,000 What is the cost amount transferred to 2nd processing department? >>>> Work in Process 2nd Department Beginning Balance 300,000 1,000,000 Transfer to 3rd Department Transfer from 1st Dept. ? January costs ? Total Debits ? 1,000,000 Total Credits Ending Balance 700,000 What is the amount of cost incurred in the 2nd processing department during January? >>>> Work in Process 3rd Department Beginning Balance ? 700,000 Transfer to Finished Goods Transfer from 1,000,000 January costs 200,000 Total Debits 1,300,000 700,000 Total Credits Ending Balance 600,000 What was the beginning balance in the 3rd processing department? >>>> If beginning finished goods inventory contained $200,000, and ending finished goods inventory contained $300,000, how much is cost of goods soldStep by Step Solution
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