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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Beg Bal 5,250 9,500 5,450 Work in Process Beg Bal
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
| Raw Materials | |||
| Beg Bal | 5,250 | 9,500 | |
| 5,450 | |||
| Work in Process | |||
| Beg Bal | 4,350 | 22,450 | |
| 6,450 | |||
| 8,750 | |||
| 8,550 | |||
| Finished Goods | |||
| Beg Bal | 2,450 | 20,650 | |
| 22,450 | |||
| Manufacturing Overhead | |||
| 3,050 | 8,550 | ||
| 3,750 | |||
| 3,450 | |||
| Wages & Salaries Payable | |||
| 20,650 | Beg Bal | 2,750 | |
| 12,500 | |||
| Cost of Goods Sold | |||
| Beg Bal | 20,650 | ||
The direct labor cost was:
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Security Audit And Control Features Oracle E Business Suite
Authors: Deloitte Touche Tohmatsu Research Team And Isaca
3rd Edition
1604201061, 978-1604201062
