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Sweeten Company had no jobs In progress at the beginning of March and no beginning Inventories. It started only two jobs during March-Job P and
Sweeten Company had no jobs In progress at the beginning of March and no beginning Inventories. It started only two jobs during March-Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was Incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March) Prepare the journal entry to transfer costs from Work in Process to Finished Goods. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field). Prepare a completed Work in Process T-account including the beginning and ending balances and all debits and credits posted to the account. Prepare a schedule of cost of goods sold
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