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Place Y (yes) beside the general ledger accounts related to inventory in a job-order cost system and N (no) by those that are not. a.)
Place Y (yes) beside the general ledger accounts related to inventory in a job-order cost system and N (no) by those that are not.
a.) Raw Materials Inventory
b.) Administrative Expense
c.) work in Process Inventory
d.) Finished Goods Inventory
e.) President's Salary
f.) Cost of Goods Sold
g.) Manufacturing overhead
h.) Advertising expense
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