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Reimel Furniture Company, Inc., incurred the following costs during 202. During 202, manufacturing overhead of $160,000 was applied to production. Products costing $122,000 were finished,
Reimel Furniture Company, Inc., incurred the following costs during 202. During 202, manufacturing overhead of $160,000 was applied to production. Products costing $122,000 were finished, and products costing $132,000 were sold on account for $195,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: Exercise 3-31 Part 2 2. Prepare a partial balance sheet and a partial income statement to reflect the information given above. Complete this question by entering your answers in the tabs below. 2. Prepare a partial balance sheet and a partial income statement to reflect the information given above. Complete this question by entering your answers in the tabs below. Prepare a partial income statement
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