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StraightPacks manufactures backpacks. Its plant records include the following materials-related transactions: (Click the icon to view the transactions.) Make the joumal entries to record these
StraightPacks manufactures backpacks. Its plant records include the following materials-related transactions: (Click the icon to view the transactions.) Make the joumal entries to record these transactions. Post these transactions to the Raw Materials Inventory account. If the company had $37,000 of Raw Materials Inventory at the beginning of the period, what is the ending balance of Raw Materials Inventory? (Assume that thread is considered an indirect material.)
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