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Required: 1 . Prepare journal entries to record the preceding transactions. 2 . Post your entries to T - accounts. ( Don t forget to
Required:
Prepare journal entries to record the preceding transactions.
Post your entries to Taccounts. Dont forget to enter the beginning inventory balances above.
Prepare a schedule of cost of goods manufactured.
A Prepare a journal entry to close any balance in the Manufacturing Overhead account to Cost of Goods Sold.
B Prepare a schedule of cost of goods sold.
Prepare an income statement.
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