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Question 3 (5 points) The following information pertains to Rami manufacturing Co.: 1- Beginning inventories: Materials $30,000; Work- in process $12,000; Finished goods $15,000. 2-

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Question 3 (5 points) The following information pertains to Rami manufacturing Co.: 1- Beginning inventories: Materials $30,000; Work- in process $12,000; Finished goods $15,000. 2- Ending inventories: Materials $10,000; Work- in process $18,000; Finished goods $12,000. 3- During the year the company purchased materials of $80,000. 4- The company paid labor wages of $500,000. 5- The overhead manufacturing costs were $180,000. Instruction: Prepare the journal entries and ledger accounts

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