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Product Cost Flows Complete the following T-accounts: Hint: The first debit entry in the Manufacturing Overhead T-account relates to indirect materials. Materials Inventory Wages Payable
Product Cost Flows Complete the following T-accounts: Hint: The first debit entry in the Manufacturing Overhead T-account relates to indirect materials. Materials Inventory Wages Payable Work in Process 52,500 Inventory 70,000 7,000 69,650 Finished Goods Inventory 17,500 10,500 1,050 112,000 Manufactured Overhead 17,500 1,050 94,500 13,650 0 Cost of Goods Sold 230,650
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