Question
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Debit Beginning Balance Beginning Balance Raw Materials 5,400 5,600 Work in
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Debit Beginning Balance Beginning Balance Raw Materials 5,400 5,600 Work in Process Credit Debit Credit 9,800 Beginning Balance 22,600 4,500 6,600 8,900 8,700 Finished Goods Manufacturing Overhead Debit Credit Debit Credit 2,600 22,600 20,800 3,200 8,700 3,900 3,600 Debit The direct labor cost was: Wages & Salaries Payable 20,800 Credit Beginning Balance 2,900 12,800 Cost of Goods Sold Debit Credit 20,800
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