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Sarasota Corporation was starting a new style of jacket and was monitoring the costs of its first production fun of theseitems during the month. The

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Sarasota Corporation was starting a new style of jacket and was monitoring the costs of its first production fun of theseitems during the month. The costs and transactions associated with this jacket were as follows: 1. Purchased fabric on account at a cost of $420 2. Transferred $330 of fabric into production. 3. Accrued DL cost of $230 associated with 10DL hours. 4. Recorded actual MOH costs of $205 (consisting of accrued liabilities of $120 and factory-related depreciation of $85 ). 5. Applied MOH costs using a budgeted MOH rate of $13 per DL hour. 6. Recognized cost of goods completed of $480. (a) Assuming there were no beginning balances in any of the inventory accounts at Sarasota, show how the above transactions would bereflected in the following select accounts: DM Inventory. WIP Inventory. FG Inventory, and MOH Control. WIP Inventory MOHControl

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