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I need help with this problem. Thank You. Preparing journal entries-outputs Hartley Company has a production process that involves three processes. Units move through the
I need help with this problem. Thank You.
Preparing journal entries-outputs Hartley Company has a production process that involves three processes. Units move through the processes in this order: cutting, stamping, and then polishing. The company had the following transactions in November: 1. Cost of units completed in the Cutting Department, $17,000 2. Cost of units completed in the Stamping Department, $30,000 3. Cost of units completed in the Polishing Department, $35,000 4. Sales on account, $50,000 5. Cost of goods sold is 80% of sales Prepare the journal entries for Hartley Company
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