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[The following information applies to the questions displayed below.] Biloxi Billiards Company uses normal costing, and manufacturing overhead is applied to work in process on

[The following information applies to the questions displayed below.]

Biloxi Billiards Company uses normal costing, and manufacturing overhead is applied to work in process on the basis of machine hours. On January 1 of the current year there were no balances in work-in-process or finished-goods inventories. The following estimates were included in the current year

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