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Problem 2-58 (Algo) Cost Concepts (LO 2-1, 6) The following information comes from the accounting records for Chelsea, Inc., for May Direct materials inventory, May

Problem 2-58 (Algo) Cost Concepts (LO 2-1, 6) The following information comes from the accounting records for Chelsea, Inc., for May Direct materials inventory, May 1 $18,500 Direct materials inventor...

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