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June production generated the following activity in Ritik Chassis Company's Work - in - Process Inventory account: View the activity. Additionally, Ritik Chassis Company has
June production generated the following activity in Ritik Chassis Company's WorkinProcess Inventory account:
View the activity.
Additionally, Ritik Chassis Company has completed Jobs and with total costs of $ and $ respectively.
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Requirements
Prepare the journal entry for production completed in June.
Open a Taccount for WorkinProcess Inventory. Post the journal entry made
in Requirement Compute the ending balance in the WorkinProcess
Inventory account on June
Prepare the journal entry to record the sale on account of Job for
$ Also, prepare the journal entry to record Cost of Goods Sold for Job
What is the gross profit on Job
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