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Required information es [The following information applies to the questions displayed below.] Reimel Furniture Company, Inc., incurred the following costs during 20x2. Raw material used
Required information es [The following information applies to the questions displayed below.] Reimel Furniture Company, Inc., incurred the following costs during 20x2. Raw material used Direct labor $173,000 319,000 During 20x2, manufacturing overhead of $170,000 was applied to production. Products costing $121,000 were finished, and products costing $132,000 were sold on account for $193,000. There were no purchases of raw material during the year. The beginning balances in the firm's inventory accounts are as follows: Raw material Work in process Finished goods $226,000 18,000 28,000 Beg Bal Raw Material Inventory 226,000 End. Bal. 53,000 173,000 Beg Bal Direct material Direct labor Manufacturing overhead Work-in-Process Inventory End. Bal. Wages Payable Beg. Bal Manufacturing Overhead Beg Bal End. Bal End. Bal Finished-Goods Inventory Beg. Bal Sales Revenue Beg Bal 121,000 End. Bal 121,000 End. Bal < Prev 10 11 of 41 Next > Dai Required information. nd. Bal.) Saved End. Bal Finished-Goods Inventory Sales Revenue g. Bal Beg. Bal 121,000 Help d. Bal. 121,000 End. Bal. Accounts Receivable Cost of Goods Sold. g. Bal Beg. Bal d. Bal < Prev 10 11 " End. Bal. of 41 Next > Save & Exit Submit Check my work
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