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Perfecto Pizza Company produces microwavable pizzas. The following accounts appeared in Perfectos ledger as of December 31. Additional information: a. Accounts payable is used only

Perfecto Pizza Company produces microwavable pizzas. The following accounts appeared in Perfectos ledger as of December 31.

Additional information:

a. Accounts payable is used only for direct-material purchases.

b. Underapplied overhead of $2,700 for the year has not yet been closed into cost of goods sold.

Required:

Complete the following T-accounts.

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