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The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year: Raw Materials Debit Credit Beginning Balance 4,750 8,500 4,950 Work in Process
The following partially completed T-accounts summarize transactions for Faaberg Corporation during the year:
Raw Materials | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 4,750 | 8,500 | |
4,950 | |||
Work in Process | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 3,850 | 21,950 | |
5,950 | |||
8,250 | |||
8,050 | |||
Finished Goods | |||
---|---|---|---|
Debit | Credit | ||
Beginning Balance | 1,950 | 20,150 | |
21,950 | |||
Manufacturing Overhead | |||
---|---|---|---|
Debit | Credit | ||
2,550 | 8,050 | ||
3,250 | |||
2,950 | |||
Wages & Salaries Payable | |||
---|---|---|---|
Debit | Credit | ||
20,150 | Beginning Balance | 2,250 | |
11,500 | |||
Cost of Goods Sold | |||
---|---|---|---|
Debit | Credit | ||
20,150 | |||
The Cost of Goods Manufactured was:
Garrison 17e Rechecks 2020-08-17
Multiple Choice
-
$42,100
-
$21,950
-
$20,150
-
$8,200
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